View more on these topics

Etrade and Cofunds in super talks

Online stockbroker Etrade is in advanced discussions with Cofunds to launch a new direct fund supermarket.

The US stockbroker, which launched in the UK in 1998, is in talks with UK fund providers over distributing their funds through the new site. It wants to use Cofunds as its back office.

Cofunds chief operating officer Ruth Clarke says: “We are an intermediary business-to-business service. Our focus has always been on the intermediary. I cannot see, from an intermediary perspective, it would be that harmful if we were offering a service to an intermediary who was offering a direct business-to-consumer service.”

Michael Philips partner Michael Both says: “Etrade running its back office through Cofunds does not worry me. But if they start co-branding,I would be considerably less comfortable.”


Legal & General – Secure Bond Isa

Wednesday, 21st February 2001.Type: Capital guaranteed mini or maxi Isa.Aim: Growth and income by investing in Dublin listed shares.Minimum-maximum investment: £1,000-£7,000.Investment choice: 100 per cent in Dublin listed shares.Term: 5 years.Guarantee: Capital returned in full at end of term regardless of performance of underlying investment.Return: Capital returned in full along with either 5 per cent […]

&#39Mortgage banks rip off their borrowers&#39

Nationwide Building Society has launched a scathing attack on mortgage banks, accusing them of ripping off longstanding existing borrowers to subsidise cheap deals for new customers. Chief executive Brian Davis says the mortgage market has become “perverse”, with major lenders offering substantially better rates for new borrowers than for existing customers who are stuck on […]

Assureweb and Dan link up to offer advisers PC discounts

IFA portal Assureweb is linking up with computer supplier Dan Technology to give its registered users discounts on buying and running desktop PCs. Users can get 5 per cent off on Dan Technology&#39s range of office and home desktop PC systems and 50 per cent off an onsite warranty. Assureweb claims this can amount to […]

Paradigm lost

Balderdash, bunkum, mumbo jumbo. It is all around us. We live in a world full of jargon and nonsense and financial services is no exception. A mountain of research shows that financial jargon stops private investors from putting their money into shares. It is also a major hurdle to be overcome in the world of […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment