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A product provides fair value where the amount paid for the. product is reasonable relative to the benefits of the product. Manufacturers must. Ensure that its products provide fair value to retail customers in. the target markets for those products.
Ongoing monitoring The Value for Money Assessment considers a range of indicators and measures which contribute to the overall value delivered to our customers. The measures include: Claims acceptance and pay-out ratios - review the value of claims paid out compared to the value of premiums received.
We take the Aviva charge on a tranche basis, similar to the way in which income tax works. For example, if you invest 150,000 in Pension Portfolio Choice option, youll pay 0.40% on the first 30,000 and 0.35% on the remainder of the investment. #
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A VfM assessment seeks to assess the use of resources in maximising the outcomes of a programme so that more informed, evidence-based decisions can be made.
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Value for money is conceptually straightforward VfM is concerned with the optimal use of public funding and is a critical tool for the accountability of public spending. A significant body of guidance has been published on VfM, notably the Treasury Green Book as well as departmental-specific guidance.

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