ESG Statement

In accordance with the Sustainable Finance Disclosure Regulation (‘SFDR’), we inform you that when providing advice on insurance-based investment products/Investments, we assess, in addition to relevant financial risks, relevant sustainability risks as far as this information is available in relation the products proposed/advised on.

When we say ‘sustainability risk’ here we mean an environmental, social or governance (ESG) event or condition that could cause an actual or a potential negative impact on the value of a product we recommend to you.

We give advice on products provided by those product providers that we hold written agency appointments with. You can see how each product provider approaches sustainability risks for their investment products in their product disclosures and on their websites.  When we give you advice, we use a range of information to help you make an informed decision.

MMG Financial Services Ltd does not currently take specific account of sustainability risks in its advice process. How we include sustainability factors in our advice process will develop over time. This is largely driven by the products and investment funds available from the product providers and how these products factor in sustainability risks.

Impact on Return

We have not assessed the likely impacts of sustainability risks on the returns of Investment/Pensions since we have not been able to identify any sustainability risks that are relevant. Currently there is limited data to or statistics which can accurately measure this.

The firm will review this approach on an annual basis.

Ongoing Suitability

Ongoing suitability assessments form part of the service to clients.  On an annual basis the firm will issue a client report outlining changes in the services or instruments involved and/or the circumstances of the client. To assist us in this process we use risk profile tools which have sustainability preferences included.