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Cofunds set for January start as it picks team

Cofunds, the IFA fund supermarket, has recruited an IFA sales team of 23 as it gears up for its Jan uary launch.

The supermarket, fun ded with capital from Threadneedle, Gartmore, M&G and Jupiter, was due to start this month but it says it will start “no later than January 22”.

Chief executive Sam Jen sen says the successful app licants will go on a 40-day training programme.

Jensen says the supermarket is expected to have around 200 funds from 24 fund managers. Aside from the four founders, none of the platform&#39s fund prov iders have yet been rev ealed although they are expected to include firms such as Schroders, Invesco and Framlington.

Jensen says: “The IFA support team are there to be the relationship managers for Cofunds. It is a relatively large group and we will be looking to recruit more. We also have some former IFAs as part of the team.

“We are spending a lot on the systems and training for this team to demonstrate our commitment to the IFA.”


AITC warns advertising campaign may be cut short

The three year television and press advertising campaign to promote investment trusts may be terminated a year early unless it receives wider industry support, the Association of Investment Trust Companies has warned. AITC director general Daniel Godfrey claims it wouldn&#39t be worth continuing the campaign unless more trusts participated in the third and final year. […]

Enhancing annuities

Annuities can be seen as an insurance against living too long as opposed to the life insurance risk of dying too soon. It will follow, therefore, that a client&#39s life expectancy is a major part of any annuity calculation.It will also follow that, in calculating an annuity, the actuary will use mortality tables. To date, […]

Mortgage firms in distribution deal

All status lender High Street Home Loans has announced its products are to be distributed by packager Mortgage 2000. In addition to the distribution partnership High Street Home Loans&#39 products will also be included in Mortgage 2000&#39s mortgage-sourcing software systems. The non-conforming lender says the partnership with Mortgage 2000 will enhance its ability to supply […]

&#39Axing polarisation will increase fund charges&#39

Consumers face an increase in fund management char ges if the polarisation regime is abolished, claims Autif director of communications Anne McMeehan.Autif is concerned that multi-ties will push up management costs for both big and small fund managers, with the increases passed on to consumers.McMeehan warns that, under a multi-tied system, specialist fund managers with […]

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here


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