Cofunds predicts 'short term pain' following legacy ban

IFAonline's sister title Investment Week revealed the 2016 "sunset clause" last month, which will force platforms to move all clients to clean share classes within a two-year period of the platform paper's implementation in April 2014. "The short-term pain will be felt across the board, but the degree to which any platform suffers will heavily depend on the how far it has already embraced clean and transparent pricing," said Cofunds director of marketing Verona Smith. "The sunset clause will be a challenge for everybody." However, newer wrap platforms were quick to point out it wou...