Investment and wealth manager Quilter Cheviot is to offer training to financial advisers on how to spot and deal with ‘greenwashing’ - unrealistic and incorrect claims about the green credentials of investments.

The number of ESG-labelled fund products in Europe grew by 89% last year, according to a new study by investment research company Fitz Partners.

Fund manager and financial provider Abrdn has launched five new index-based, sustainable funds of funds to expand its MyFolio fund range which has £16.5bn invested.

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