Cofunds to add online valuations

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. ...