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Fund boards warned there’s more to showing value than just producing a report
Shiv Taneja thinks regulator will also want evidence of how company culture provides value
A fund governance expert has predicted the Financial Conduct Authority will expect fund boards to go further than just delivering reports to show value for money, as Rathbones and Vanguard score themselves near perfect marks on their second value assessments.
It comes as asset managers’ fund boards roll out their second annual assessments for the 2020 financial year. Rathbones and Vanguard recently published their reports and have largely given their fund ranges a clean bill of health.