Cofunds now allows fund managers the chance to levy different initial charges on Isa and Pep transfe...
Cofunds now allows fund managers the chance to levy different initial charges on Isa and Pep transfers from new Isa business.
Fifteen out of the 34 managers on the platform have chosen to offer free Pep and Isa transfers. These are Aberdeen, ABN Amro, Artemis, Britannic, BWD, Credit Suisse, Dresdner, Edinburgh, Invesco Perpetual, LeggMason, Liontrust, Merrill Lynch, Old Mutual, Schroders and Threadneedle.
Rod Aldridge, head of sales at Cofunds, said: 'They are offering terms, whereby if the intermediary waives commission, he will be able to transfer clients assets for free.'
Intermediaries are now able to receive a consolidated statement for all of a client's assets held on the Cofunds platform.
Two global vehicles
'Further plug advice gap'
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Will report to Mark Till