The FCA appears uncomfortable with the idea of value for money but, warns Professional Adviser's Armchair Critic Brendan Llewellyn, it should be careful about what it comes up with as an alternative
The question of value continues as the theme for the year - and probably the next few years as well. My impression is that some are uncomfortable with it. The hasty amendment to the FCA work on the asset management value assessment - CP 18/9 - where the term "value for money" has been edited into something much more general is the latest evidence for such discomfort. Why the edit? Because ‘value for money' sounds like it might refer to price as a more important factor than quality. Value for money tends to be used by brands at the budget end of the market. Would a Bugatti Veyron carry a ...
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