View more on these topics

Cofunds axes annual fee after charging review

Cofunds has removed its £40 annual platform charge following a review of its unbundled pricing structure.

Money Marketing revealed last month the platform was reviewing its pricing structure following its acquisition by Legal & General.

The platform’s monthly investment charges, which range from 0.29 per cent for assets up to £100,000 to 0.15 per cent for assets over £1m, remain unchanged.

Cofunds adds it will reveal a number of other changes to its proposition going forward as a result of the review.

Commercial director Adam Smith says: “This is the first of many developments that will benefit our clients and their end investors.

“Having L&G behind us, we are able to play our part in helping to reduce the cost of investing in a sustainable way.”

L&G completed the acquisition of Cofunds in March.

Recommended

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