FCA to release good and poor practice in assessment of value reports

Speaking at a webinar on Wednesday (31 July) to mark one year since the introduction of Consumer Duty, FCA director of competition Graeme Reynolds noted that assessments of value have been "challenging" for a number of firms to "think about and get their heads around". He said the introduction of value assessments, and their formalisation under Consumer Duty, marked a "big change" for companies to contemplate and assess the way their products provide value to investors. As a result, Reynolds said the regulator has been "seeking to work with firms a lot over the last year" to ensure th...