View more on these topics

Cofunds implements new switching charge structure

Cofunds has introduced a 0.25 per cent charge for switching funds within its supermarket.

Already in effective, Cofunds says the change is in response to requests from IFAs who wanted a cleaner and simpler charging structure when switching clients&#39 investments on the Cofunds platform.

Cofunds sales and marketing director Rod Aldridge says its previous system left saw clients switching between funds potentially incurring the full initial charge of the fund being switched into.

Recommended

C&G is set for move into offset mortgages

Cheltenham & Gloucester is hoping to enter the offset mortgage market at the start of next year following established players such as Woolwich and Intelligent Finance.Intelligent Finance chief executive Grenville Turner says he does not expect C&G to launch a full offset product at first, predicting that it will enter the market with a current […]

Inside edge

Kylie Minogue, Foster&#39s Lager and such great songs such as Tie me Kangaroo Down Sport. Some of the great imports from Australia seem set to be joined by the wrap account. Hardly a household name yet but just wait and see. Over the past few years, wrap accounts have been huge business in Australia, where […]

IFAs want defining moment from FSA

IFAs are calling for the FSA to devise a useable definition of misselling so they can do their job properly, prompting Money Marketing to launch a campaign to help the FSA find a definition. The ball was set rolling by Essex IFA Emery Associates principal Peter Emery who, in a letter in this week&#39s issue […]

Talkback

“No. Advice should be given based on the circumstances of the clients, not from kickbacks from providers.”Simon Brougham, Charles Wakeling & Co“Yes. As long as the terms are competitive, then why not?”Chris Moxon, CW Moxon & Co“Yes, I think it would make for a better industry.”Bob Brearley, First Mortgages“If they want to keep the business, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment