The news that the FCA is extending its sustainability rules to portfolio managers has been welcomed by the industry.

The Personal Finance Society has launched a new course designed to help Financial Planners and advisers adapt to social and regulatory expectations on sustainable investment.

While most fund managers have made efforts to comply with the regulator’s expectations on the design, delivery and disclosure of their ESG and sustainable funds, more improvements are needed, the FCA says.

The FCA has pushed back plans to provide a new regime for Sustainability Disclosure Requirements (SDR) and investment labels.