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Sinfonia adds five funds to Cofunds

Tenet Group’s investment arm Sinfonia Asset Management has placed its five IFSL risk-rated funds on the Cofunds platform.

Sinfonia launched as a company in February 2008, wiith the IFSL Oeic portfolios launched in June 2008. The funds have attracted £70m since launch.

Sinfonia managing director Andy Richards says: “The link with Cofunds represents an important additional access option and a huge step forward in giving IFAs greater choice and flexibility.”


Paymentshield in indemnity commission deal

Paymentshield is offering advisers an additional commission option which will pay 60 per cent indemnity commission over two years. The enhanced indemnity commission option will pay advisers selling Paymentshield protection products 45 per cent in upfront commission the year the policy is sold and 15 per cent in upfront commission from the next year onwards. […]

Commodities gain favour

British asset allocators are turning more positive on commodities and high yield than equities as inflation rises, according to a January survey by Money Marketing’s sister title Fund Strategy. The outlook represents a slight change from allocators’ December outlooks for 2010, when managers were equ- ally positive on equities and commodities. Recent commodity price rises […]

Davis backs away from ABI investment role

Jonathan Davis has backtracked on his decision to become ABI director of investment affairs. Davis, who was due to replace Peter Montagnon in the role last month, says “a number of other commitments” have prevented him taking on the position full-time. He says: “I have agreed with the ABI that I will not, after all, […]


London Stock Exchange agrees merger with Canada’s TMX

The London Stock Exchange has agreed to merge with Canada’s TMX Group. The merged group will be co-headquartered in both London and Toronto and will have more than 6,700 companies listed on the combined exchanges with a market capitalisation of £3.7 trillion, the firms said. The LSE’s chief executive Xavier Rolet will head up the […]


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