Fraser Donaldson: Discretionary management and value for money

Defaqto have always looked at cost of products and services as a separate item. We believe that the suitability and quality of any product should be uppermost in an adviser's due diligence. It then makes sense to look at cost. In this way, you end up with a product that is suitable, of appropriate quality and at an appropriate cost. In other words, value for money. While thinking about this, I have seen a number of Value Assessment Reports that have been published by fund managers since the FCA set out new rules and guidance to help improve the quality of information available to investo...