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Cofunds appoints distribution chief

Cofunds’ new managing director of distribution, Mark Campbell, says he is confident that platforms have huge potential in the adviser market.

Campbell, who will be responsible for marketing, sales and product development strategy, joins from JP Morgan Fleming where he was managing director of sales. Previously, he was UK sales director at Fidelity.

He says he is joining Cofunds at a crucial time, with assets under administration breaking through the 4bn mark and Legal & General recently paying 18.6m for a 25 per cent stake.

Campbell says Cofunds’ development of life and pension products will be a massive step forward for the company.

He estimates that UK advisers spend over half their time and costs on administration while in the US, where platforms dominate the market, admin accounts for less than a quarter of advisers’ resources.

Campbell says: “I am convinced that platforms will come to underpin most advisers’ business, whether they are independent, multi-tied or single-tied. This huge potential is the reason I have decided to join Cofunds to help lead its future development.”


Hatch joins M:Communications

Louise Hatch, one of the four founding partners of financial services public relations company Penrose Financial, is joining M:Communications.

Double standards on double charge

How wearyingly typical of the FSA to double-charge IFAs who switch mid-year from being appointed reps of a network to directly authorised and how amazing that, despite being the most powerful regulator in the world, the FSA’s admin and accounting systems are apparently unable to handle refunding this blatant overcharge.

Directors, limited liability partners and auto-enrolment

By Jim Grant, Senior Product Insight & Technical Support Analyst 6 April 2016 brought in changes to employer duties for directors and partners in limited liability partnerships. Here we explain exactly what’s changed. Before 6 April 2016… Directors of limited liability companies where there were no other directors or employees were exempt from the employer […]


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