'Three stars': Columbia Threadneedle funds board rates UK range 'good'

Firm's first value assessment report

Asset management firm Columbia Threadneedle has rated the value of its UK range as "three stars", in the group's first published value assessment report, following regulatory requirements from the Financial Conduct Authority (FCA) that were introduced in Q4 last year.

The report, which was structured according to seven different criteria listed by the FCA - including quality of service, performance, AFM costs and economies of scale among others - found that the firm's 57-strong suite of funds and 435 share classes provide 'good value'. The assessment was conducted by Columbia Threadneedle's UK Funds Board and gave each fund and share class a rating between of one and four stars, or 'poor' and 'outstanding'. The firm's UK fund range achieved a three-star - or 'good' score - overall. The long climb: Asset managers 'have work to do' before fund object...