Cofunds simplifies commission reporting

clock

Advisers who use the Cofunds platform will now receive a single weekly report which combines all their initial and trail commission statements.

After reviewing its current processes and getting feedback from customers, Cofunds recognised the reconciliation process was unnecessarily complex for advisers, especially in the case of initial commissions. As a result, all the current reports produced will be brought together in a single weekly report covering both initial and trail commissions from all sources. This will be available to advisers in an electronic format that will allow them to review the information and integrate it into their records. Intermediaries will now be able to easily reconcile initial commission payment...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Dynamic Planner CEO on AI's role in 'trusted advice'

Dynamic Planner CEO on AI's role in 'trusted advice'

‘The challenge is that delivering advice is hard’

Isabel Baxter
clock 09 December 2025 • 6 min read
FCA reveals first group of financial firms to take part in AI testing

FCA reveals first group of financial firms to take part in AI testing

To deploy ‘safe and responsible’ AI

Cristian Angeloni
clock 03 December 2025 • 1 min read
Providers have 'clear role' to help advice firms with AI governance support

Providers have 'clear role' to help advice firms with AI governance support

Less than 5% of advisers have a full AI policy

Isabel Baxter
clock 02 December 2025 • 3 min read