Morningstar takeover will not alter OBSR tie-up: Cofunds

Morningstar bought the fund research group and ratings agency for £11.95m, as announced on Monday, but Cofunds marketing and proposition director Alastair Conway says the deal will have no impact on its independence and service offering. "We are very relaxed - OBSR have assured us they will continue to operate the business as they always have done," he says. "We have always liked thier independence and have been assured that will remain. Their independence from Cofunds was pivotal in our decision with regard to the researched fund panel and model portfolios." Conway hints the acqui...