Andy Fail has joined Cofunds as head of product.
Fail is a Fellow of the Institute of Actuaries and, having begun his career as an actuary at Save and Prosper, he then joined Scottish Equitable in 1999 initially as sales actuary. He became head of sales for the final salary team in 2005.
Cofunds strategic development director Anthony Wolfe says: “We see much of Cofunds future growth coming from investments held in life and pensions structures. This year, apart from our comprehensive range of cash initiatives, we plan to launch an offshore bond and a simple, funds-only Sipp.
Andy’s appointment is recognition of the importance Cofunds attaches to life and pensions and our belief that it will be crucial to build simplicity and transparency into all that we offer.”
Fail says: “Cofunds is attracting assets at a remarkable rate both from its original fund and Isa administration base but increasingly in the life and pensions products. However, there is still a major challenge ahead in building out its product range and making sure they are designed to fit in properly with new demands of web-based servicing. I am looking forward to being part of this new expansion.”