What is the Assessment of Value?
Our 1st annual Assessment of Value for our UK unit trusts is now available.
The Assessment of Value is one of the initiatives introduced by our regulator, the Financial Conduct Authority (FCA), following the conclusion of their Asset Management Market Study in 2017.
Assessment of Value Report
Click on the link below to read our first Assessment of Value Report (as at 31 March 2020).
Click the below link to find the Assessments of Value for your fund.
FCA’s Assessment of Value
The key finding of the Asset Management Market Study related to weak competition in the financial services industry. To address this, new regulations came into effect in September 2019, requiring UK Asset Managers to carry out and publish an annual ‘Assessment of Value’ for each unit class in their unit fund ranges.
Jupiter welcomes this initiative. We believe it represents an opportunity to better communicate with advisors and investors, allowing us to set out how effectively we believe we have met the range of expectations we set for our products, whether that is with regard to the performance we generate, the services we offer or what and how we charge for them.
What have we published for our Assessment of Value findings?
We have published our Assessment of Value Report which summarises our overall findings across the range as well as a summary of our conclusions for each unit class. We have also published individual Value Statements for each unit class to provide more detailed information for investors on their specific investments with us.
These reports are contained in the document library, alongside other relevant fund information, such as factsheets, Key Investor Information Documents (“KIIDs”) and fund commentaries which you can access by clicking here.
We will publish our Assessment of Value reports no later than 31 July annually, using fund information, including performance, as at 31 March.
How is Jupiter approaching the Assessment of Value?
Jupiter’s approach to the assessment reflects the firm’s values and culture, including what we seek to deliver for our investors across all our core activities.
The board of Jupiter Unit Trust Managers (JUTM) Limited, the Authorised Fund Manager (AFM) of our Unit Trust range, has carried out a comprehensive review of the value delivered for each of the unit trust funds and their individual unit classes.
They considered each of the following aspects of our business, in line with the FCA’s seven key criteria to be considered when assessing value:
1. Quality of Service
4. Economies of Scale
Do investors need to do anything?