Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Funds Balk at UK Plan Set to Hit $70 Billion Impact Market (1)

Jan. 25, 2023, 5:06 PM

Impact funds in the UK face an uncertain regulatory future.

A plan by Britain’s financial watchdog to impose a labeling system on funds claiming to pursue environmental, social and governance investing strategies is on track to meaningfully reduce the size of the country’s $70 billion impact fund market, according to senior industry representatives.

Bella Landymore, joint interim chief executive of the London-based Impact Investing Institute, praised the introduction of formal rules to help build trust in the ESG fund industry as a “significant step.” However, there’s now a concern that even some of the best impact investing products available in ...