Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.
Figures seen by IFAonline's sister title Investment Week revealing details of Cofunds' key accounts show a pattern of declining retail sales in recent years, with the trend exacerbated in the first ten months of 2012. According to the figures, net retail sales on the platform were just £383m in the first ten months of 2012, which includes the all important ISA season in the first part of the calendar year. Unless the platform saw a substantial pick-up in sales in the final two months of 2012, it will have vastly undershot sales reported in 2011 and 2010. In 2011, net retail sales w...
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