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Include Esg In Bfid: Fsc

by financialstandard.com.au posted 5months ago 20 views
Financial Services Council wants superannuation funds' ESG investments to be included in the proposed Best Financial Interests Duty. : The Financial Services Council (FSC) wants superannuation funds' ESG investments to be included in the proposed Best Financial Interests Duty. The government's BFID wants super trustees to make decisions that are in best "financial" interests of their members. The inclusion of the word "financial" could discourage superannuation funds from investing in ESG-focused assets, many have argued. FSC, in its submission to the Treasury on Your Future, Your Super reforms, supported BFID.

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