The Financial Conduct Authority (FCA) has found fund managers have significantly improved their value assessments, but more work is needed on fund pricing and fees.
In its review of processes of assessments of value the FCA said managers have a "better understanding" of the rules compared to last year's review, and found they have "significantly improved" their value assessment processes. More specifically, the 14-firm wide review between November 2022 and March 2023 found that most companies make fewer assumptions within their analyses that they cannot evidence as reasonable, and present higher quality information to their boards and assessment of value committees. This relates to the regulator's expectations that managers "substantiate any clai...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
