Cofunds is to add online valuations to its fund supermarket in the next month, writes Kira Nickerson...
Cofunds is to add online valuations to its fund supermarket in the next month, writes Kira Nickerson. The supermarket is looking to start live testing with select advisers later in July with plans for a full roll out in a month's time. The service, which is still paper-based and cannot support electronic applications, is also looking to be able to offer fund transfers and unwrapped investment funds by the end of the year. Cofunds has achieved a 6% market share of intermediary Isa sales in May, up from 5% in April, bringing the total assets of the supermarket to £100m since its launch. ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes