PIMFA urges for greater role for retail investors to deliver Net Zero

30 March 2023

PIMFA urges for greater role for retail investors to deliver Net Zero

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has called on the Government to give more consideration to the role of retail investors in delivering on its Net Zero ambitions following the publication of its Green Finance Strategy.

David Ostojitsch, Director of Government Relations and Policy at PIMFA, commented: “PIMFA welcomes the publication of the Government’s Green Finance Strategy. But in plotting a roadmap towards becoming the world’s first Net Zero Aligned Financial Centre, we would urge the Government and Regulator to give better consideration to the role of retail investors in helping to achieve this.

“The UK is home to a thriving retail investment market with significant amounts of productive capital to potentially unlock. We would urge the Government to be clearer about how these investors can support the UK’s Net Zero journey.”

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NOTES TO EDITORS

About PIMFA – the Personal Investment Management & Financial Advice Association

• PIMFA is the trade association for firms that provide wealth management, investment services and the investment and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
• The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
• PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families to charities and pension funds, all the way to trusts and companies.  Associate members provide professional services to the PIMFA community.
• PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
• PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
• Further information can be found at pimfa.co.uk

Contact

For further information on this release or other press matters please contact:

Matthew West, PIMFA PR Manager – MatthewW@pimfa.co.uk, +44 (0)20 7382 0376

Sheena Gillett, PIMFA Communications & PR Director – sheenag@pimfa.co.uk, +44 (0)20 7011 9869 / +44 (0)7979 493225