LandG takes full ownership of Cofunds
Legal and General (L&G) has acquired the remaining 75% share of Cofunds in a deal worth £131m.
Legal and General (L&G) has acquired the remaining 75% share of Cofunds in a deal worth £131m.
Less than a quarter of assets in the UK is accounted for by the top three fund managers by size, a figure significantly below those seen elsewhere in Europe according to a study conducted by The Platforum.
Business is booming for online wrap platforms as advisers re-engage with clients following the implementation of RDR, reports suggest.
One third of advisers are planning to increase the number of client portfolios held on platforms as a result of RDR, research conducted by Investec Wealth & Investment (IW&I) found.
The majority of investment professionals believe fund closures and consolidation across Europe will continue, according to research carried out by Cerulli Associates and The Platforum.
Standard Life has appointed firm stalwart David Tiller as its first head of platform propositions.
Wrap platform Novia has become the latest firm to ditch a leading indices supplier due to the cost of license fees.
Nucleus has appointed three regional account managers as part of the expansion of its on the ground resources in the UK.
More than one-third of advisers are looking at switching platforms in the year after RDR comes into force, according to Aviva research.
Cofunds has firmed up its unbundled pricing model which will see it list 1,700 clean share classes from 85 fund groups.
Platforms are key to how intermediaries run their investment businesses today and it is no surprise that their cost is seen as a key consideration of which ones they choose – but imagine how costly running investments would be without them.
Platform and fund manager costs trump considerations of the range of products available, tools and services, brand, ownership structure and ability to white label when it comes to advisers platform choice, according to CoreData Research.