FBC’s Digital Meeting – October 2020
In this Digital Meeting, we delved into the role of the board, in particular their independent members and related committees. We examined the resourcing and competencies required and specifically, what lessons we can take from the pensions’ industry’s Value for Money initiative and its mutual fund counterpart, Assessment of Value.
Joining co-hosts David Butcher, a member of Independent Governance Committee and Master Trust, Scottish Widows and FBC’s Catherine Battershill, were:
- JB Beckett, independent director on fund board at SVM Asset Management and member of the Investment Advisory Committee at Royal London
- Ian Costain, member of Independent Governance Committees at Hargreaves Lansdown and ReAssure.
Watch a short summary of our discussion
Measuring Value in Pensions and Mutual Funds
Value for Money has been a hot topic in pensions for a number of years and this initiative, along with its more recent mutual fund counterpart, Assessment of Value, are fundamentally changing how pensions and asset management firms are thinking about the value they provide to their members or investors.
For many of them, the concept of value spans a wide and complex spectrum from costs and charges to economies of scale and customer service quality to name but a few of the interconnected puzzle pieces. Alongside this, there is interesting work being done to examine what “value” means to investors.
Here are short summaries of the work conducted by IGCs looking at this topic. FBC members can access more details of the research findings via the Member Portal.