Class systems and sharpening pencils: Why fund fees will never be equal

Assessment of Value

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JB Beckett is an iNED and author of #newfundorder
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JB Beckett is an iNED and author of #newfundorder

As fund boards enter the third year of the Assessment of Value process (AoV) I read with great interest the series of working papers from my good friend Sunil Chadda on ‘Unitholder Inequality’.

The headline was eye-grabbing since there has never been a universal principle of equality in asset management. Instead we have ‘Treating Customers Fairly' (TCF), ‘Value For Money' (VFM), ‘Assessment of...

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