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Webinar: VFM Assessment in Asset Management

Tuesday 11 June 2019 12:00 - 13:00

Public scrutiny of what investment funds deliver for consumers continues to be high profile, with the FCA’s Asset Management Market Study requiring fund managers to make (and publish) an annual assessment of value for authorised funds from the end of 2019.

Assessing value for money (VfM) for workplace pension funds has been required since 2015 when the FCA established Independent Governance Committees, with considerable progress made in recent years to articulate and measure VfM.

This webinar will provide an update on both initiatives, including discussing the various dimensions of VfM for investment funds, and how this might evolve in the future (especially as firms need to comply with the FCA’s related new rules on fund objectives and benchmarks from May 2019 (new funds) and Aug 2019 (existing funds).

The speakers are Brandon Horwitz of NomBon Consulting and Sandy Trust of EY, both of whom bring hands on experience of establishing VfM frameworks and applying them to ranges of investment funds.

Brandon is a Principal Consultant at NomBon Consulting, a boutique management consultancy focused on design, delivery and governance of investment and pension propositions.

Brandon’s previous roles include launching the Vitality Invest proposition and being responsibility for HSBC UK’s design and management of retail investment/retirement planning products and advice propositions. He has also worked as an asset management Technical Specialist at the FSA (now the FCA), as an Investment Banker and Portfolio Manager at Morgan Stanley and in investment consulting at Watson Wyatt (now Willis Towers Watson).

Brandon is a qualified actuary and holds a M.Sc. in Finance and Economics from the London School of Economics as well as a B.Sc. (Honours) in Actuarial Science/Maths of Finance from WITS university.

Brandon’s was also chair of the IFoA Finance & Investment Board from 2014-2016 as well being a Board member since 2009.

 

Sandy has recently joined EY as a senior manager in the wealth and asset management team. In his new role, Sandy will focus on long term value in the investment space, covering areas such as ESG, climate change and sustainability for insurers, wealth managers and asset managers.

Sandy has worked extensively on a variety of customer and conduct projects, including the FCA’s unit-linked thematic and implementation of value for money frameworks for workplace pensions and long standing insurance customer products.

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