Value Assessment Framework for Wealthtime Products

This document is a guide detailing the value assessment framework implemented by Wealthtime, a trading name of Novia Financial plc. The objective of the framework is to ensure that the products and services offered by Wealthtime deliver good customer outcomes and provide value for money. The guide outlines the methodology used for conducting annual value assessments of each product and platform service, which includes financial and non-financial benefits, pricing, and competitiveness. It describes the criteria for assessing product benefits, including features such as tax relief on pension contributions and various drawdown options. The assessment also compares the pricing of Wealthtime products against competitors to ensure fairness. The document emphasizes the importance of compliance with the FCA's Consumer Duty and the commitment to ongoing evaluation to maintain high standards in customer service and product value.