The FCA is considering compulsory ESG labelling for investment funds to help investors find sustainable investments more easily.

The FCA confirmed today that that it will go ahead with its plans for long-term investment funds aimed at sophisticated investors and pension funds, potentially opening them up later to some retail investors.

The Financial Conduct Authority has called for an extension of its powers in its latest Perimeter Report.

FCA chief executive Nikhil Rathi has pledged to adopt a tougher approach for the regulator in a speech at the Lord Mayor’s City Banquet at Mansion House last night.