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:
Who are CFA UK looking for?
What will you get out of it?