Assessment of Value – meeting FCA Expectations

Outline & Objectives

Assessment of Value (AoV) is a result of the FCA's findings following the Asset Management Market Review in 2018. Part of a package of measures to address weaknesses, the FCA implemented a number of changes. AoV came into effect in September 2019 with funds falling into scope on their annual reporting dates thereafter.

Since implementation, the FCA has carried out two thematic reviews of AoV across the industry and found that there were significant gaps remaining both in best practice and implementing specific rules and guidance. While the most recent thematic review has concluded that there have been improvements across the industry, the FCA has made it clear that there is still work to be done particularly in the areas of governance, fees and use of evidence to support conclusions.

As a result, and given the FCA’s focus on Consumer Duty, firms will remain under increased scrutiny in this area. It is important to understand the scope of the regulation, the roles involved and how to ensure oversight and implementation of recommendations. This is a key priority for the regulator and it is important for firms and individuals to understand their obligations and responsibilities in this area.

Attending this focused half day course will help you:

1. Attain an overview of Assessment of Value
2. Appreciate AoV and its relation to Consumer Duty
3. Understand the seven categories of AoV disclosure
4. Examine reporting including data, metrics and ratings
5. Familiarise your firm with examples of best practice
6. Identify the roles involved in the process and responsibilities
7. Plan and ensure the implementation of recommendations

Who will benefit?

Anyone involved in or responsible for key Product Oversight, Independent Non-Executive Directors, Authorised Fund Managers and ACDs, Senior Management and Board Members. It will also be of benefit to Investment Managers, Directors or Product providers, Compliance Specialists and Due Diligence firms and individuals. 

Why choose in-house?

In-house training offers several advantages:

• Tailored content and real-world example: The training can be designed to address your company's specific needs and challenges. The trainer can incorporate case studies and examples relevant to your industry and company, making the learning more relatable and impactful.
• Convenience and cost:
  • You can choose the dates and times of the training to fit your team's schedule.
  • There is no (or minimal) travel costs.
  • It can be more cost-effective per person if you have a larger group of employees that need the training.
• Learning Environment:
  
  • With only your team present, there are fewer distractions and the trainer can focus entirely on your needs.
  • It can encourage collaboration and knowledge sharing between colleagues.
  • Employees may feel more comfortable asking questions and sharing challenges in a familiar environment with colleagues, especially if the training involves sensitive company information.
• Expertise: Our trainers specialise in the topic and can bring a high level of expertise to your team.