Personally, I welcomed the CFA UK's intervention on Assessment of Value (AoV), in January, which has filled a vacuum by the prosaic Financial Conduct Authority (FCA) and intransigent and ultimately conflicted the Investment Association.
I do not castigate either, it is simply an obvious observation to make. Members of the CFA UK Assessment of Value working group were: Joe Steidl, CFA; Wolfgang Bauer, CFA; Andy Burton; Siqi Ding, CFA; Jonathan Francis, CFA; Natalie Gregoire-Skeete, CFA and Oscar Hjalmes. I have had opportunity to discuss these findings, with CFA subsequently, which proved very useful. The headline Assessment of value reports fail to meet the need of investors seemed to generate the majority of heat, seen as an overtly antagonistic (perhaps even hostile) launch towards members residing on fund boards. ...
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