RIAA study shows advisers need to up their ESG game
/A new study published by the Responsible Investment Association of Australasia (RIAA) has revealed what consumers expect from financial advisers, and it’s a lot when it comes to responsible investing.
Over a thousand Australians were surveyed, and 64 per cent said they expect their advisers to be knowledgeable about responsible investment, up from 54 per cent in 2020. This is now ranked as the top expectation, overtaking the prioritisation of investment returns which came in at 58 per cent.
Key findings include:
Seventy-four per cent of Australians are considering moving to another provider if they discovered their fund was investing in companies that are inconsistent with their values
Seventy-five per cent want to know which companies their superannuation fund, bank or other investments are invested in
The findings align with other research from Oxford Risk that showed two out of three retail investors were considering transferring investments to a new adviser based on their current adviser’s engagement with ESG, with one in five saying they had already done so or are intending to do so
From Values to Riches 2022: Charting consumer demand for responsible investing in Australia
