View more on these topics

Cofunds buys its back office from M&G

Cofunds is to buy its back-office from M&G for a consideration of £3.7m next week.

M&G was awarded the Cofunds administration contract last August, and will now hand the operations over to Cofunds. The deal will see the 200 admin staff switched onto Cofunds’ books, but they will remain located in Chelmsford.

Cofunds chief executive Sam Jensen says: "Cofunds believes that this strategic acquisition will strengthen our independence, allow us to develop even stronger partnerships with our intermediary clients and continue to enhance our range of products and services."

Recommended

The whole story

I am interested in a fee-based wealth management service. What can I expect from the service offered by your company? At the heart of our philosophy is the relationship between investment risk and your personal financial needs. We define risk as being the effect of stockmarket, economic and inflationary risks on the ability of your […]

Compliance expert warns companies over FSA rules

Many retail financial services companies may believe they are compliant with new FSA regulations but still be failing to meet admin rules.Compliance specialist Huntswood director Shaun O&#39Leary says many companies have put significant resources into ensuring their sales processes are compliant but fail to realise that their back-office admin processes could be in breach of […]

Immanis aids advisers with referrals service

Software developer Imm-anis is offering its Cris cli-ent-referrer service to IFAs as changes to the regulation of advice given by sol-icitors and accountants are introduced with N2.The service is an electronic online referral tool that allows professionals such as solicitors and acc-ountants to refer clients to IFAs and monitor the adv-ice process for their own […]

F&C predicting US-led surge in equities next year

The USA will drive global economic recovery in equity markets with a rebound in 2002, according to Foreign & Colonial&#39s chief investment officer. F&C Management group chief investment officer Dr Arnab Banerji is predicting a quick recovery in the middle of next year, and that cash will out-perform government bonds in 2002.Banerji says: “The United […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment