View more on these topics

Cofunds adds three trusts

Cofunds has launched three trusts on its platform.

They are a bare trust, discretionary gift trust and discretionary loan trust aimed at helping advisers start planning tax solutions based on varying degrees of tax mitigation versus client control of the underlying investments.

They were constructed by Technical Connection and settled by a QC. Cofunds says advisers should also consult legal advisers to ensure the tax trusts are suitable for their clients.

It has launched a series of guides to help advisers use the deeds, as well as a decision tree demonstrating which option is best for particular clients.

Head of proposition Verona Smith says: “We would strongly recommend that advisers consult legal advisers to make sure the draft trusts are suitable for their clients’ circumstances.”

AWD Chase de Vere head of communications Patrick Connolly says: “These platforms are having to offer more flexibility to IFAs. This is a very sensible step for Cofunds as they push to become the platform of choice.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com