Financial advisers will struggle to meet MiFID II sustainability obligations due to patchy data

Financial advisers will struggle to fulfil the sustainability obligations of the amended MiFID II regulation due to patchy data and a lack of direct comparability between products, Morningstar research shows. From 2 August 2022, the amended MiFID II will require financial advisers to consider clients' sustainability preferences when conducting suitability assessments. If clients express an interest in making sustainable investments, advisers will have to accommodate. Depending on the specific client's preferences, advisers will have to source products that have a minimum proportion of...