CFA UK's Value for Money framework identifies three core components; this paper explores why and explores some of the detail within these three key areas:
- Costs and charges - noting there are often several different types of charges
- Output, defined as risk and return - with a focus on the long-term
- Quality and service - other features and benefits desired by the client, including issues such as the quality of governance and the sustainability of the investment approach
Authors:
Members of the CFA UK Value for Money Working Group: Erszebet Barre, Andy Burton, Alistair Byrne, CFA (chair), Stephen Dowds, Shaz Islam, CFA, Fraser Lundie, CFA, Jonathan Parker, CFA, and Joe Steidl, CFA..