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Dual-pricing offers extra flexibility to IFAs

Cofunds has introduced a dual pricing facility, giving IFAs the flexibility to offer different initial fund charges on Isa and Pep transfer business.

Cofunds says it is the first to offer the new functionality, giving IFAs the chance of individually negotiated fund discounts when switching on the Cofunds platform.

Cofunds has also announced that it is teaming up with IFA software provider First Software to provide electronic fund updates for its users. The move will speed up fund valuations on the platform.

Commenting on the dual pricing facility, Cofunds head of sales Rod Aldridge says: “Despite the enormous benefits of consolidation, transfer costs have hindered the process. With dual pricing, intermediaries can use Cofunds to consolidate clients&#39 portfolios with an extremely competitive cost of reinvestment.”

Commenting on the deal, Cofunds chief executive Sam Jensen says: “For years IFAs have been forced to keep track of client holdings by manual input. This process is exhausting, time-consuming, prone to errors and almost impossible to keep current.

“With First Software&#39s new functionality, Cofunds&#39 fund holdings will be downloadable with two clicks of a button. The data is current and, as of that day, accurate and complete.”


Outside edge

At the FSA&#39s open meeting on polarisation, it was argued that regulation focusing on making the existing market work is missing the point. The greatest gains, it was claimed, will be achieved by raising the level of retirement savings and this should be one of the primary objectives of regulation. This is plausible but is […]

CHL mortgage tracker loans business up 28%

Specialist lender Capital Home Loans has seen mortgage applications rocket by almost 30 per cent this year after interest rate cuts increased demand for its tracker loans.CHL, a subsidiary of Irish Life & Permanent, says it received 28 per cent more mortgage applications from January to September this year than it did in the same […]

Massow rounds on ex-partner after he buys back his company

Ivan Massow has launched an extraordinary attack on his former business partner after buying back his own company.Massow says Towry Law and venture capitalist Cata-lyst were also interested. Massow Rainbow went into receivership two weeks ago after an expected cash inj-ection from Catalyst failed to go ahead.The client list was bought from the receivers by […]

Jupiter expands IFA support service

Jupiter has made two new recruits to its broker support team, as part of the restructure and expansion of its IFA support services.Louise Fish joins from F&C investment management, and will be responsible for broker support in the south west of England.Pritie Sharma joins from Chase de Vere Investments, and will be responsible for broker […]

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


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