The majority of advisers are much more likely to use an asset manager who actively engages with company management, following on from the introduction of FCA's sustainability disclosure requirements and labelling rules, according to the latest FT Adviser Talking Point poll.
As part of the new rules, distributors must communicate the labels and provide access to consumer-facing disclosures to retail investors, either on a relevant digital medium for the product or using the channel they would ordinarily use to communicate information.
They must also keep the labels and consumer-facing disclosures up to date with any changes that the firm makes to a label or the disclosures.
The survey shows 93 per cent of respondents said they were much more likely to use an asset manager who actively engages with company management, 2 per cent said they were less likely to do so, while 5 per cent said they were indifferent.
Wes Wilkes, chief executive of Net-Worth Ntwrk, said: "If a firm is not already actively engaged with fund managers with whom they are trusting client assets then they shouldn't be using them. In terms of communication and access for retail investors, technology is the answer.
"A client can access all relevant disclosures, risk warnings and holding summaries within just a few clicks on an app or an online portal. There really is no excuse for this not being in the hands of the investor and automatically updated."
ima.jacksonobot@ft.com
