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Stakeholder and IPAs in expansion plan

Cofunds is looking to expand its service to offer IFAs stakeholder and individual pension accounts.

Chief executive Sam Jen sen says the platform would be ideal for such products although he could not say when Cofunds would be able to offer them. Head of sales Rodney Ald ridge says: “We are producing an admin platform thr ough which to buy funds and I guess that funds will be part of many wrappers such as stakeholder and IPAs.”

Gartmore head of retail pensions Nick Hodges says: “Gartmore will not be a stakeholder provider but we will provide for asset management firms that want to be stakeholder providers. We will look at IPAs and will work alongside Cofunds to see how we can best provide products.”


LibDem leader accuses FSA over debacles

Liberal Democrat leader Charles Kennedy has acc used the FSA of failing to act appropriately over the Axa orphan assets case and the Equitable Life debacle. In a speech to the Financial Markets Associationon Tuesday, Kennedy slammed the FSA&#39s performance in both instances and called upon the Government to force the regulator to take more […]

Deutsche Bank aims Isa hedge fund at brokers

Deutsche Bank is planning to bring the first major hedge fund vehicle to the UK IFA market with an Isa-qualifying fund of hedge funds. The Xavex HedgeFirst fund is set to launch in April, subject to regulatory approval, and will be listed on the London Stock Exchange. It will aim to offer returns of 12-15 […]

Protect and survive

During the next few months, there will be a focus on stakehol der pensions in much of the media. Such saturation coverage will raise public awareness about the importance of retirement planning. But the arrival of stakehol der will also affect the way IFAs transact their business. Decision trees could dilute the potential for giving […]

Earning curve

I am a director of a recently established family business. Although I am in my early 50s, I have not made any provision for my retirement. I only draw a minimal salary from the company, preferring instead to draw dividends. This is not a strategy I wish to change, principally because of the National Insurance […]


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