Cofunds to review 'provider speak' letter after criticism

clock

Cofunds is planning to review the language of a client letter after an adviser criticised its 'provider speak'.

The platform confirmed it is looking into the concerns of Staff Benefits financial planner Amyr Rocha-Lima (pictured), who was approached by a client who had discovered their contributions into their account had stopped. When he investigated, he traced the decision back to a Cofunds letter telling the client it was no longer supporting a number of Aberdeen funds. The letter clearly stated the funds were closed to new investment. However, Rocha-Lima has argued the obscure reference to mandates being reduced did not adequately inform the client their contribution would be stopped altoge...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Clive Waller on platforms sector change and a new sponsor for the Vanguard UK Platform Awards

Clive Waller on platforms sector change and a new sponsor for the Vanguard UK Platform Awards

The Vanguard UK Platform Awards in association with The Platforms Association

Clive Waller
clock 04 March 2026 • 2 min read
Vanguard to sponsor UK Platform Awards

Vanguard to sponsor UK Platform Awards

Professional Adviser continues as media partner

Professional Adviser
clock 04 March 2026 • 1 min read
Perspectives on platforms and progress – past, present and future

Perspectives on platforms and progress – past, present and future

'Platform providers need as much input as they can get if they want to stay ahead of the curve'

Steve Andrews
clock 19 February 2026 • 4 min read