Cofunds adds fee-based option in response to RDR

The platform is introducing new cash products in the first half of 2008 which will allow it to offer a fee-based remuneration structure for advisers. Cofunds says it is piloting the new cash products to a small number of advisers, and will launch to the wider market as soon as they are satisfied with the results. Currently the platform allows only a commission based approach; either trail, initial or switching. However, by offering all options (fees, commission and execution only), Cofunds says advisers will be able to choose how they manage clients. This will be a key development in...