Law Family Commission on Civil Society report says FCA should make philanthropy advice training mandatory for financial advisors

The Financial Conduct Authority (FCA) should make philanthropy advice training mandatory for financial advisors and introduce regulation to ensure it is discussed with clients, according to a report. New research for the Law Family Commission on Civil Society, carried out by Pro Bono Economics, has called on the FCA to act to improve “the quality and the quantity of financial advice and guidance on philanthropy” in the UK, making four key recommendations. Currently, philanthropy in the UK is worth close to £20 billion annually, but there is an opportunity to…

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FCA announces future work on climate change and green finance

The FCA has published a feedback statement setting out its proposals to improve climate change disclosures by issuers and information to consumers on green financial products and services. The Statement identifies a number of priorities, which will provide a foundation for the FCA’s future work on climate change and green finance. These include issuers’ climate change disclosures, regulated firms’ integration of climate change risk and opportunities into their decision-making and consumers’ access to green financial products and services. Andrew Bailey, Chief Executive of the FCA said: ‘We have an important…

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