PLATFORM provider Cofunds has extended its e-commission offering with 1st Software to include commission reconciliation on its bond and pension products offered in conjunction with Legal & General.
Cofunds integrated with 1st to launch a commission-input product for IFAs and this has now been updated to enable IFAs to track their commission on a wider range of life products. Richard Eats, communication consultant at Cofunds, explained: “Previously, Cofunds could only combine the commission owing to IFAs who solely used Cofunds for funds and ISAs. Now, through 1st Software, Cofunds can calculate the commission owing to IFAs who use our Legal & General products in addition to funds. It is another simplification for IFAs.” Eats added: “Cofunds’ strategy is to be independent. We don’t ...
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