FCA: Evidencing value for money

As of September 2019, the FCA will require fund managers to assess and report on value. Although some guidelines have been set, these are ‘non-exhaustive’ and our experience is that asset managers are struggling to devise a meaningful framework which is a sensible approach to tackle this core question, without getting bogged down in the weeds.

We have created a framework which looks beyond the obvious issues of performance and fees. Following in-depth research with consumers, advisers, asset managers, academics and NEDs, we have established what criteria investors use to judge whether or not they have received value for money. And the elements that need tracking and improving as part of any provider’s long-term reporting process, both internal and external.

We can work with asset managers in three ways to help

  • Insights Deck – See the insights we uncovered from quantitative and qualitative investors and the framework we developed in early 2019. Use this to supplement existing project work on reporting, assessing and improving value
  • Syndicated research – Join other asset managers in a live research project that you can use to help improve the clarity of factsheets and other investor communications which are clearly highlighted by investors as a core pillar of value
  • Ongoing value testing – Use our qualitative and quantitative research to track and report on the key value metrics your board, the regulator and prospective customers will want to see.