Cofunds claims it now has over half of the market for Isa sales by fund supermarkets.
It says it has a 54 per cent share of Isa business, a big rise from 37 per cent for the second quarter. The firm says its assets have risen by 25 per cent to £1.4bn in the last 12 months.
Cofunds also claims a 48 per cent share of Pep transfers due to growing demand for consolidation and increased confidence in investment markets.
Marketing director Rick Andrews says: “These figures put Cofunds in a great position as we head towards our year-end. We are one of the fastest-growing businesses in this industry. There is growing demand from intermediaries for consolidation services. Our extensive fund range, for example, reflects demand from our intermediaries to move all their clients' fund assets to us. In 2004, we will be working hard on new products and services to make sure that we stay ahead of our competitors.”