The Personal Finance Society (PFS) has urged Financial Planning and advice firms to improve their knowledge and awareness of ESG and sustainable financial advice.

While most fund managers have made efforts to comply with the regulator’s expectations on the design, delivery and disclosure of their ESG and sustainable funds, more improvements are needed, the FCA says.

Nine out of 10 financial advisers and wealth managers recommend sustainable funds to clients despite widespread concerns about greenwashing, according to new research.

Just 1% of financial advisers and wealth managers “completely trust” the sustainability claims made by funds, according to a new report.