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Cofunds hits £30 billion AUA

Cofunds has broken the £30 billion assets under administration (AUA) barrier.

Cofunds has seen an increase of £7.2 billion in AUA since the start of 2010, which it attributes to its financial planning tools as well as the Cofunds pension account.

The level of AUA previously reached £25 billion in April 2010. Cofunds was the highest selling platform for the sixth quarter running in the third quarter of 2010.

Alastair Conway, the sales and marketing director at Cofunds, says there will be a continued effort to invest in the platform to maintain its market position as the January 2013 deadline for the implementation of the retail distribution review nears.



Hoban defends MMR in Commons debate

Treasury financial secretary Mark Hoban defended the mortgage market review last night after MPs criticised the proposals in a House of Commons debate. Conservative MP Robert Syms began the debate by stating his concerns about the MMR’s “wider impact on the economy and housing market” and social mobility. He added first-time buyers and existing homeowners […]


SJP assets jump to record high of £27bn

St. James’s Place has seen its funds under management jump by £5.6bn in 2010 to reach a record high of £27bn. The wealth manager has also reported a 32 per cent rise in total new business on an annual premium equivalent basis in 2010. Total new business for 2010 stood at £581.8m, up from the […]

Advisers lose as judge rules Keydata was not a provider

Over 200 advisers last week lost a judicial review of the Financial Services Compensation Scheme’s decision to levy Keydata compensation costs on intermediaries. High Court judge Mr Justice Beatson, sitting in Birmingham, ruled on Wednesday the FSCS was justified in classifying Keydata as an investment intermediary, not a provider. Intermediaries were forced to pay an […]


Jupiter assets jump 9 per cent to £24bn

Jupiter Fund Management has seen its assets under management jump 9 per cent to £24.1bn in the final quarter of 2010. The group has seen £772m of net inflows in Q4, including £529m in its mutual fund range, while market movements accounted for a further £1.1bn increase in assets. Jupiter has seen cumulative net inflows […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]


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  1. But do they make a return on capital? And more investment required? Hmmm.

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