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Assessment of Value Report for our OEIC Fund Range

In 2019, the Financial Conduct Authority (FCA) introduced new regulations on fund governance. The aim was to strengthen the rules related to duty of care and the need for authorised fund managers (AFM) to act in investors’ best interests. Specifically, AFMs in the UK must perform a detailed assessment of whether their funds are providing value to investors and then publish, on an annual basis, a statement, or ‘Assessment of Value’, summarising the outcome of this process.


We welcome this initiative on the part of our industry’s regulator and believe that the overall aims, namely to make AFMs accountable for the services they provide to their clients and to assess whether they are truly providing value, are very much aligned with the fundamental values of T. Rowe Price.


We measured the level of value our OEIC funds provide to investors incorporating the seven criteria identified by the FCA:


  • Quality of Service
  • Performance
  • Costs
  • Economies of Scale
  • Comparable Market Rates
  • Comparable Services
  • Classes of Units

This report provides details of our key findings, along with proposed actions of the board around potential remedies where needed.



Download the full report