How can asset managers address their assessment of value issues?
What the FCA’s revealing AoV report says about governance failings and how they can be remedied
The asset management industry has some big issues to address when it comes to fund governance as the Financial Conduct Authority’s latest probe identifies a host of flaws in fund group’s assessment of value (AoV) exercises.
The FCA’s review of the AoV market, published earlier this week, highlighted several areas where asset managers are falling short. It followed hot on the heels of a report last week in which the regulator was equally critical of ‘host’ authorised fund managers – the fund administrators expected to keep fund managers in check.