Tag: FCA

Jointly Prepared Statement from the Information Commissioner’s Office (ICO) and Financial Conduct Authority (FCA) on Targeted Support and Direct Marketing

Stuart Mitchell

Introduction It is important for your customers to receive timely and relevant information to support decisions about their finances, while having their direct marketing preferences and data protection rights respected. This is crucial in order for customers to trust the information they receive, helping them to make informed decisions and pursue their financial goals. Under the framework set out in the FCA’s policy statement (PS25/22), authorised firms would be able to offer a new type of help called ‘targeted support’ and make suggestions to an individual based on them being…

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FCA sets out proposals to make ESG ratings transparent, reliable and comparable

Stuart Mitchell

The FCA has published proposals to ensure that environmental, social and governance (ESG) ratings are transparent, reliable and comparable. The move is estimated to deliver around £500m in net benefits over the next decade. ESG ratings inform investment decisions, risk management and regulatory reporting. Global spending on ESG data, including ratings, is projected to reach $2.2bn in 2025.  These proposals follow the decision by the government to bring ESG ratings within the FCA’s remit, supported by 95% of those who responded to its consultation. Introducing clear, proportionate rules for transparency…

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FCA confirms anti-greenwashing guidance and proposes extending sustainability framework

Stuart Mitchell

Ahead of the anti-greenwashing rule coming into force on 31 May, the FCA is supporting industry with guidance to help them meet the standard. The new rule is designed to protect consumers by ensuring sustainable products and services they are sold are accurately described. Results from the latest Financial Lives survey shows significant consumer interest in sustainable finance as 81% of adults surveyed would like their investments to do some good as well as provide a financial return. This work supports the long-term growth and competitiveness of the sector by helping businesses…

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Tackling the nature and climate crises is the biggest business opportunity this century, say industry leaders

Stuart Mitchell

Business leaders including Deborah Meaden and leaders from NatWest, John Lewis Partnership and the Financial Conduct Authority, are joining the UK’s three leading nature charities WWF, RSPB and National Trust to urge all businesses to act now to tackle the nature and climate crises. Nature is the foundation of the systems that allow businesses to function, yet the UK is one of the most nature depleted countries in the world. Nature loss and climate change are resulting in ecological breakdown at an unprecedented level, creating risks to businesses from supply…

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ASA – ASA partners with FCA and Sharon Gaffka to educate influencers around ‘finfluencing’

Stuart Mitchell

The ASA/CAP have released a post called: ASA partners with FCA and Sharon Gaffka to educate influencers around ‘finfluencing’. I have enclosed the text of the link below, but please have a look at the ASA/CAP site as there are lots of things of interest to anyone with an interest in Ethical Marketing. The Advertising Standards Authority (ASA) has partnered with the Financial Conduct Authority (FCA) and former Love Islander Sharon Gaffka, including with a new infographic, to help educate influencers about the potential pitfalls of promoting financial products, or…

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