View more on these topics

Cofunds reaches £15bn in assets under administration

Cofunds has reached £15bn of assets under administration on its platform.

The platform passed the £10bn mark at the end of 2006, and it says that although net inflows have continued at high levels in recent months, the growth of assets under administration has been restricted by the slide in world markets since last August.

Cofunds chief executive Charlie Eppinger, says: “At a time when it seems that some platforms have struggled with technology issues, systems that can cope with large flows of business are fundamental to our continued growth.

“We have developed a balanced business with good flows coming in ISAs, unwrapped funds, SIPPS and insurance bonds.”

Eppinger adds: “In answer to repeated queries, as a result of this growth Cofunds has been trading profitably for some while.

“This year will see us maintaining our commitment to the intermediary market by extending our range of services to fee based advisers.”

Recommended

Reversion comes to the fore

It is perhaps unwise to look back to last year to deliver any thoughts on the current state of the mortgage market but there is one sector that has been fundamentally changed by events which took place a little over a year ago that are not related to the credit crunch.

Aifa reforms RDR working party

The Association of Independent Financial Advisers has reformed its RDR working party to prepare further feedback ahead of the next FSA paper in October.

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment