Cofunds simplifies commission reporting

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...