News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Asset Management

UK fund giants shun FCA’s ESG labels as second phase of SDR goes live

Abrdn, RLAM and Invesco are among the firms that have not yet applied the badges to their products

The regulator’s new rules risk falling flat, experts warn
The regulator’s new rules risk falling flat, experts warn Photo: Hollie Adams/Getty Images

The Financial Conduct Authority’s ESG regime has begun with a whimper, with few of the UK’s largest fund houses adopting the regulator’s green fund labels. 

Abrdn, Royal London Asset Management and Invesco have not yet applied the badges such as ‘improvers’, ‘impact’ and ‘mixed goals’ to any of their products as of 31 July when they became available to use for the first time.

WSJ Logo