Advisers and platforms should not ignore Mrs Miggins on value

'Articulating, and evidencing value is not easy'

clock • 4 min read

Holly Mackay takes a closer look at what the industry can learn from consumers' views on value for funds, platforms and advice...

Value is a subjective concept which is impossible to define as a formula. The notion was almost designed to infuriate an actuary, which is one reason why its introduction into the governance frameworks of the industry - courtesy of Consumer Duty and Assessment of Value requirements - is proving challenging for so many. The answer to the value question has to come in part from customers, not simply  people in the industry marking their own homework. After all, according to the fund management industry in early Assessments of Value, about 97% of funds are delivering good value. Anyon...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read
Aberdeen's Kenny: 'We need to get our flows into positive territory'

Aberdeen's Kenny: 'We need to get our flows into positive territory'

CDO on service, technology and ‘moving the dial’

Isabel Baxter
clock 13 March 2025 • 4 min read
Platform innovation: Terry Huddart on Abrdn's Cash Solution

Platform innovation: Terry Huddart on Abrdn's Cash Solution

'I see this as another positive market development'

Terry Huddart
clock 27 February 2025 • 5 min read