Platform competition hots up
The largest platforms have lost 20% of their market share over the past three years with the top five now accounting for 70% of total platform business, compared to 90% in 2010.
Cofunds
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Charlie Eppinger departs as L&G acquires Cofunds
Cofunds' chairman Charlie Eppinger is stepping down from the business as Legal & General's acquisition of the platform completes.
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Davis replaced by LandGs Last at Cofunds
Chris Last is to replace Martin Davis at the helm of Cofunds following the completion of the acquisition of the fund platform by Legal & General.
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Cofunds Mohan to join Allfunds
Stephen Mohan, managing director of operational services at Cofunds, has agreed to join Allfunds Bank in October.
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All change at Cofunds
Cofunds has announced plans to offer 3,000 clean fee share classes by July, up from 2,700 now, while Fidelity FundsNetwork's aim by June is only a third of that level at 1,000, Portfolio Adviser can reveal.
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GAM launches DFM portfolios on Cofunds
GAM’s discretionary fund management (DFM) proposition is now available on Cofunds, offering smaller investors cheaper access to the portfolios via a pooled assets collective structure.
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adviser choice decimated FCA platform paper
The number of platform providers is expected to shrink by two-thirds once the terms of the FCA's platform paper are revealed at the end of this month or early next.
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LandG takes full ownership of Cofunds
Legal and General (L&G) has acquired the remaining 75% share of Cofunds in a deal worth £131m.
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Surge in Global Equity Income sales
Global equity income sales overtook those of sterling strategic bonds for the first time ever in February making it the second most popular sector in the month, according to data provided by Cofunds.
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mixed investment 20 60 holds cofunds top spot
The IMA Mixed Investment 20-60% Shares sectors remained popular with investors using Cofunds last month while Jupiter Merlin Income Portfolio held its position at the bestselling product.
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mixed investment 20-60 retakes top-selling spot
A degree of stability returned to fund inflows and outflows in October, according to Cofunds, after four previous months of volatility.
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rsm tenon selects cofunds
RSM Tenon has appointed Cofunds to do the back-office work for its self serve proposition and to provide platform services to RSM Tenon Wealth Management.