ESG

SJP pauses green fund launches until FCA’s ESG rules are clear

A responsible investment multi-asset proposition is in the works, but is unlikely to get off the ground this year, Justin Onuekwusi says

Plans on hold because 'SDR has just hit our desks,' says the CIO of the UK's largest wealth manager
Plans on hold because 'SDR has just hit our desks,' says the CIO of the UK's largest wealth manager Photo: Professional Images/@ProfImages

St James’s Place is not planning to launch any ESG funds until there is more clarity around the Financial Conduct Authority’s green investing rules, its chief investment officer has said.

Fund groups are struggling to get to grips with the Sustainability Disclosure Requirements, the watchdog's flagship ESG regulation that belatedly launched in November 2023.

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