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Credit Suisse is extending discount deal to Cofunds

Credit Suisse Asset Management has issued new dealing terms on its multi-manager range.

It will extend a discount offer on all Isa, Pep and unit trust investments into the CS multi-manager fund of funds portfolios on the Cofunds platform. The offer is already on the FundsNetwork platform.

From February, the funds will be available at 3 per cent commission and 1 per cent discount, giving intermediaries the opportunity of taking the full 3 per cent commission or passing it on as a discount to investors. Initial charge on the multi-manager funds is 4 per cent. The offer will run until April 30. Six of the CS multi-manager portfolio funds were recently awarded AA ratings from Old Broad Street Research after nine out of 11 outperformed the sector average over three years.

CSAM funds managing director Ian Chimes says: “Mirroring what we have already introduced with FundsNetwork, this commission and discount offer on all our multi-manager funds will be accessible from the end of the month.”


UK bank staff are weak on products

UK banks are the worst in Europe at cross-selling financial services products according to a report from Booz Allen Hamilton. The report on enhancing revenue across Europes bank branch networks reveals UK banks staff had the weakest specialist product knowledge and were least interested in information proffered by clients that could lead to a cross-sale.

PFS wants crackdown on product marketing

The Personal Finance Society is lobbying the FSA to tighten the way providers market their products to advisers. Members are increasingly concerned that there are few consequences for providers for their marketing of products to IFAs. Aifa is also in talks with the regulator on the issue. Members have raised concerns that they often have […]

IFA Woman of the Year

Heron House Financial Management adviser Saran Allott-Davey won the IFA Woman of the Year award 2004 at a ceremony in London’s Docklands last week.

Industry under fire over pension freedoms

By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]


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