Cofunds platform assets hit £15bn

While the asset growth has been held back by the recent turbulent world markets, Cofunds says net inflows have continued at high levels in recent months.

The platform says it has benefited from a balanced business – with good flows coming from ISAs, unwrapped funds, SIPPS and insurance bonds.

Cofunds has recently built links with a range of tax wrap providers and announced more will be available in the future.

Charlie Eppinger, Cofunds chief executive, says the platform will extend its range of services to fee based advisers this year.

“Although we have grown so rapidly we have maintained very high service standards,” he says.

“While volumes are greater than ever, we have maintained robust operational controls.

“At a time when it seems that some platforms have struggled with technology issues, systems that can cope with large flows of business are fundamental to our continued growth.”

IFAonline

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