Gosling's Grouse: 'Sleep at night' factor

What constitutes value for money for investors?

There is little that all parts of the industry agree on, but surely value for money is one such thing.

Talk to anyone in financial services and they would say delivering value for money is a key aim, while for some it is their only priority. But how do you define value for money in a way that everyone can agree on and, importantly, in a way that consumers can understand and engage with? There is a general feeling the regulator equates value for money with price, although that view may have changed as a result of the debate as part of the Asset Management Market Study. It seems to have moved back a notch or two from its initial implicit view that passive investing is best for the con...