The Personal Finance Society (PFS) has urged Financial Planning and advice firms to improve their knowledge and awareness of ESG and sustainable financial advice.

The FCA has named former Investment Association CEO Daniel Godfrey as the first chair of its new sustainable finance adviser group.

The FCA has launched a package of measures to improve the 'trust and transparency' of sustainable investment products and tackle 'greenwashing.'

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.