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Latest Insights and Advisory Support in Assessment of Value (AoV)
With many firms having now published three years’ worth of Assessment of Value (AoV) reports, Fund Boards Council (FBC) has carried out a unique industry study on the impact of implementing AoV on authorised fund managers (AFMs).
The findings of this FBC Report: Assessment of Value An Impact Study, paint a picture of a significant positive change prompted by AoV, including culture and process change in AFMs and a clear driving role for fund boards and independent non-executive directors (iNEDs) in particular – putting fund boards in a better place to deliver value for end investors.
But there is still some work to be done, particularly with the added requirements of Consumer Duty.
Download the details of the FBC Report contents.
FBC Advisory package
We are now offering the Report and an advisory session with FBC’s subject matter experts to help support both fund boards and the teams at the executive who undertake the AoV analysis.
The Report and advisory session provides you with:
- Useful insights on how the industry has implemented AoV
- Expert tips to help you enhance your AoV process and report
- Practical help to understand the letter and spirit of regulatory expectations
How this supports your business
Three years on from the first AoV reports being published, many firms are still grappling with questions about whether their approach and reports are hitting the mark.
While many firms have improved their oversight of fund performance, there remains wide variation in how AFMs assess the value of actively managed funds. Approaches also vary in how AFMs assess whether charges are justified in light of underlying costs (i.e., profitability) as well as if and how economies of scale should be shared.
As well as covering AoV in detail, FBC’s research also highlights lessons to be learned for firms implementing the Consumer Duty. This includes the work required for many firms to get closer to end investors and intermediaries (to understand and influence customer outcomes).
Who in your organisation will benefit from the Report and advisory discussion
FBC is dedicated to supporting fund boards, iNEDs and those who are crucial to the success of the board. Feedback from members and other clients suggests that our research and advisory services are highly valued by fund board executive and non-executive directors. The teams supporting the fund board also benefit, with regular attendance of key people such as heads of product, heads of operations and heads of governance).
As well as being important to help meet the AoV requirements for UK authorised funds, our research is also relevant to firms with European fund ranges. The European regulatory trend is increasingly moving towards considering customer outcomes and value rather than just focusing on price.
What's included:
- Session with FBC senior adviser and author of the study, Brandon Horwitz, tailored around your organisation’s AoV
- FBC Report: Assessment of Value An Impact Study (pdf)
- Presentation slides of key data and verbatims from the study (pdf)
- FBC high level feedback on your firm’s latest AoV report
Interested?
We are offering the report and advisory package for £5,000 + VAT.
Simply contact us and we will send you the full report and slides, and arrange a convenient time for your advisory session.
Or if you would like to pay online:
Get started
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