Cofunds fee-based adviser services set for roll-out

They include a cash account for every client, which will be used to collect all income or capital realisation payments, and a new menu of remuneration options. The fund supermarket says the roll-out follows a successful pilot of the services, adding the move is further proof of the firm’s all-types-of-adviser strategy. Cofunds says the cash account will be linked to the client’s usual bank or building society account. It says cash will be deposited by the client electronically or via cheque into the account and from itsettlement will be made for investments into any fund or tax-wrap and ...