M&G Global Dividend was the best-selling fund on Cofunds in August, while Mixed Investment 20-60% Shares retained its position as the most popular sector for the eighth consecutive month.
Mixed Investment 20-60% shares was the most popular sector in July for the seventh consecutive month, according to sales data from Cofunds.
A boutique wealth manager offering a bespoke private client service is to launch its first retail fund as it seeks to diversify its business.
The majority of advisers are positive on the impact the retail distribution review (RDR) will have on consumer confidence, while many have said there are signs it has already started to improve.
Legal & General (L&G) has signalled its intention to become a "major player" in delivering low cost passive investment solutions to UK retail clients as the group saw profits rise 13% in the first half of the year.
Cofunds head of fund group relations Michelle Woodburn is stepping down from the role after six years with the platform.
Anthony Wolfe has joined David Jane's multi-asset boutique Darwin Investment Managers to drive asset growth.
Platforms will need to have at least £40bn in assets under management to survive the margin squeeze caused by new regulations, research by Deloitte has claimed.
Cofunds has appointed Matt Benson as the head of operations.