This is a very big move for the world of sustainable investing and quite a scoop from CitywireNew Model Adviser. The headline sums it up - Vanguard shuns SDR labels and drops ‘sustainable’ from four fund names.
The FCA has previously suggested that it needs the labels to be challenging, but with this move, you have to ask are they too challenging? Vanguard is a very significant brand to lose from the sustainable club.
Financial planner Phil Billingham is driving a non-Ulez-compliant van full of aid into Ukraine as part of a TFL scrappage scheme as New Model Adviser reports. Top work from Phil here.
Accurate risk profiling is the “foundation of good advice”, the Financial Conduct Authority’s head of investment platforms Kate Tuckley has insisted at a Money Marketing event.
She said moving from accumulation to decumulation is likely to change a customer’s attitude to risk, so this should be reassessed. All good practice, of course.
More than half of advisers 51% now use model portfolio services for more than half their clients according to a survey of 500 advisers by Equisoft.
It is unlikely business property relief (BPR) will be removed from Aim shares in the upcoming Budget, according to Amisha Chohan, head of small cap strategy at Quilter Cheviot as FTAdviser reports.
The Federation of Small Business warns the Chancellor Rachel Reeves not to scrap entrepreneur’s relief in the Budget as the Times reports.
