Cofunds has appointed Barclays Stockbrokers as exclusive provider of its new stock trading service.
The Cofunds Stock Trading Service, currently being piloted with ten accounts, provides advisers with online access to Barclays Stockbrokers via the Cofunds website.
Under the tie-up, advisers will be able to access multiple asset classes such as stocks, bonds, ETFs and investment trusts and trade these on behalf of clients.
The service allows advisers to transfer money from the Cofunds cash account to Barclays Stockbrokers and vice versa. Money can also be transferred directly by the client via bank transfer, debit card or direct debit.
"When we launched our RDR roadmap in September last year we said we would pilot a stock trading service, and true to our word we have done just that," said Cofunds sales & marketing director Alastair Conway (pictured).
"With advisers wanting to consolidate their client's holdings on a single platform, this new service will offer greater investment choice."
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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