Value: How to think about it and how to calculate it

'You cannot comment on value without embedding price into the discussion'

clock • 10 min read

Brendan Llewellyn takes an in-depth look at 'value' in the advice space and spells out how to think about and calculate it

Value has always been a powerful theme in this and every other sector and now it's a central part of the Consumer Duty legislation. But what concerns me is the widely varied comment as to what value actually is, partly because the word is used in so many ways. The Oxford English Dictionary gives some help: "Value is…how much something is worth in money."  My O-Level economics was very clear on the matter - you find value by dividing benefit by price. But both definitions have one essential common factor - they mention price. You cannot comment on value without embedding price into ...

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