A 23-minute watch.
In a wide-ranging discussion, Gavin spoke of the added risk to advisers presented by regulatory measures from the Product Intervention and Product Governance Sourcebook (PROD) and the Senior Managers and Certification Regime (SMCR), which make them personally culpable.
“There’s the litigation affect with no-win-no-fee lawyers moving from PPI cases to going after advisers who are recommending investments,” he said.
“It’s more important than ever that advisers are putting together clearly defined and suitable investment strategies”.
Ben took the soapbox for strong views on sustainability and ESG investing, amid claims that some asset managers are ‘greenwashing’ their fund ranges.
He said: “I think there is a fad element to ESG, because in five years’ time we won’t be talking about it. It will be ingrained in the way we work.
“What I think is a fad is I’m fed up with fund groups just relentlessly pumping out how good they are at ESG and how long they’ve been doing it. It’s utter b****cks!”