Cofunds reinstates platform charge on pension business

The platform suspended charges for the monthly investment-based platform charge for pensions in April in order to develop funding options for advisers. Cofunds has now reinstated this charge which will be taken from the trading account of applicable products. Clients with pension products and bonds in the unbundled, ‘explicit' charging structure will now be able to have the monthly investment-based platform charge taken from the trading account instead of the end investor's cash account. The platform says this development will provides greater tax planning options for advisers. ...