Cofunds has reinstated the platform charge on its self-invested personal pension (SIPP) after adding trading accounts to client funding options.
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. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
