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Plan for UK fund sustainability labels ‘lop-sided' and ignores cost to consumers, lawmakers say

By Fiona Maxwell ( March 9, 2023, 10:28 GMT | Insight) -- The cost to consumers of UK fund sustainability labeling rules has not been adequately considered and should be reviewed, lawmakers have told the regulator responsible for the proposals. The Financial Conduct Authority should provide a new cost-benefit analysis to clearly set out the impact, a parliamentary committee said in a letter today, in its latest criticism of the proposals.The cost to consumers of UK fund sustainability labeling rules has not been adequately considered and should be reviewed, lawmakers have told the regulator responsible for the proposals. ...

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