Cofunds has stressed its "loyalty" to the adviser sector following revelations it has been holding talks with Tesco Bank about a possible link-up with the supermarket giant's financial arm.
IFAonline understands Cofunds has been talking to Tesco Bank around a potential partnership which could see it provide technology to the direct-to-consumer service. Sales and marketing director at Cofunds Alastair Conway says: "When we have news about developments at Cofunds we always communicate these to the market in an open and transparent way." Conway adds: "We do not comment on individual contractual conversations but we have had a series of conversations with many organisations. Given our pedigree and the fact we are well established, profitable and have passed the core tests we...
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