Cofunds has told a direct to consumer partner service to remove "aggressive" marketing literature which attempted to lure clients away from the platform with the promise of full commission rebates.
The term ‘fund supermarket' is redundant, outdated and misleading and confuses the real debate about which platforms provide the best service and execution, Cofunds says.
Cautious Managed remains the top seller on Cofunds after a strong year for the sector, accounting for 33% of net sales in November.
Ascentric chief Hugo Thorman says the FSA's "shocker" of a proposal to ban cash rebates is "fraught with difficulties" and has vowed to focus his energy on overturning the decision.
AT8's Mark Loosmore kicks off a series on platforms with a look at Cofunds.
Despite the hegemony of the big three platforms there is still plenty of room for newer players to thrive, according to research house Fundscape.
Novia has appointed former Cofunds national sales manager Paul Rose as regional sales manager for the North East.
Global emerging market (GEM) funds are increasing in popularity as less risk-averse investors seek higher returns, suggests the latest monthly figures from Cofunds.
Sammedia has integrated its online valuation offering Moneyinfo with Cofunds.
Cautious Managed was again the top sector on Cofunds during Q3 as multi-manager funds continue to hold sway prior to RDR.