Cofunds faces criticism over 40% fee hike

The changes, due to be implemented from January next year, will apply to existing funds on the platform as well as new entrants. However, several fund providers have told MultiManager's sister title Investment Week such increases are unsustainable and they could be forced to take their funds out of the supermarket. At present on a 1.5% annual management fee, Cofunds officially takes 0.25%, with 0.5% in intermediary renewal, leaving 0.75% for the product provider. Under the plans being drawn up intermediary commission remains the same with Cofunds wanting to take up to 0.4%, equivalent to ...