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ESG

FCA ups ESG push as wealth managers face new rules

Watchdog also rolls out guidance to help City firms comply with anti-greenwashing rule

Portfolio managers could face millions in up-front costs
Portfolio managers could face millions in up-front costs Photo: Getty Images

The Financial Conduct Authority is ramping up its ESG push as it plans to extend new fund marketing rules to portfolio managers.

The regulator wants to bring wealth managers that manage pools of investments into scope for its incoming sustainable investments labelling rules, according to a 23 April statement.

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