Volunteer Opportunity Details

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NEW GROUP: Assessment of value working group

Signup Deadline: 14-07-2020
Starts: 20-07-2020
Ends: 01-01-2021


No of Member Volunteers required

Up to 10

Timeframe and Commitment

2-4 hours/week during Q3-4, 2020

With their publication of PS18/08 the FCA set in motion a regulatory requirement that all open-ended funds should publish a Value Assessment Statement for their first year-end after 30 September, 2019.  Each statement was to set out the value for money proposition of the fund (and for each individual share class) to its investors and each fund was to hire at least two independent Non-Executive Directors to assist with the authorship of these reports and ensure their objectivity.  A CFA UK volunteer group published a framework for assessing Value for Money in November 2018.

Whilst some fund boards’ original timetable may have been impacted by the COVID-19 pandemic, many have now published their first value assessment statement and those that remain to come are due to follow over the next six months. CFA UK wishes to convene a group of volunteers to analyse these reports and look for findings in order to improve the professionalism of value assessment reporting across the industry going forward and in turn drive better transparency for end investors.

The purpose and activity of this working group is to:

  • Research and identify good and poor practice, innovative approaches and common problem areas in published value assessment statements
  • Publish their findings to CFA UK members by way of a written report and in digital media

Who are CFA UK looking for?

  • Individuals with a personal interest in and/or experience of assessment of value
  • Analytical, writing and communication skills
  • Members knowledgeable in the FCA’s Value Assessment reporting requirements
  • Availability for 2-4hrs/week during Q3-Q4, 2020

What will you get out of it?

  • Learn more about actual value assessment in practice – an important new area in fund management
  • Build your profile within the CFA UK network of volunteers, the wider membership and the industry
  • Opportunity to present your findings to CFA UK members and CFA UK’s Professionalism Steering Committee
  • Access to exclusive volunteer only training and events

Compliance Notes:

  • Group members should seek and obtain compliance clearance from their employers in advance of participating
  • Group members will be expected to have read CFA UK’s guidance notes on EU Competition Law prior to attending and to conduct themselves in accordance with these notes
  • Group members will participate in a personal capacity and not attend as representatives of their employer

Volunteers Needed:

10 (10 open slots)

Experience Required:

1 to 3 Years Industry Experience


Marissa Charles