Cofunds confident on deals over fees
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Cofunds marketing and proposition director Alastair Conway says he is confident that the firm will reach a pricing agreement with all the bigger fund firms.
It signed an agreement with Schroders over pricing terms last week, with reports circulating that further deals are in the pipeline and that the platform had eased pricing terms on back books of business.
But Conway says: “We have been pragmatic from the beginning as the commercial deal must make sense for all parties. In some cases, we have had a basis points charge on the back book, others have had fixed fees and some have differing charges on the back to the front book. I believe we will reach a conclusion with all these groups.”
He says the firm is looking to increase the number of passive solutions and exchange traded funds on the platform following growth in demand.
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