With £14.9bn on its platform, Cofunds is one of the largest and longest-established out there.
Marketing and proposition director Alastair Conway says with a sole commitment to the IFA community it wanted to demonstrate its support by joining the trade body.
He says: “We are not a product provider and our sole business is in helping intermediaries. We therefore wanted to extend our commitment by joining Aifa, a key representative body for the customers we support. This year will bring significant challenges to the intermediary sector and we are proud to be working with Aifa to advance the interests of IFAs at this critical time.”
Aifa director general Chris Cummings says: “By signing up for membership, Cofunds is demonstrating its ongoing commitment to the adviser community. The Cofunds team will now benefit from regular policy and regulatory updates in plain English, networking opportunities at conferences, workshops and working groups, and full voting rights to influence the shape and tone of Aifa’s work on behalf of the IFA profession.
“With the current market conditions, it is critical that we gain the support of firms throughout the intermediary and supporting sectors. This support will help AIFA to build on recent achievements such as the change of focus of the RDR and the review of Financial Services Compensation Scheme.
“We look forward to working closely with Cofunds in the future and thank them for the support they have already shown to IFAs.”