Cofunds

The FSA is "in a bind" as it reconsiders its position on a rebate ban and other platform-related issues, according to Cofunds CEO Charlie Eppinger.

Cautious Managed was the top-selling sector on Cofunds in August as advisers continue to outsource investment decisions in the run-up to the RDR.

Jupiter went into the black for the first half of 2010 with profits before tax of £14.6m compared to a loss of £6.5m for the same period last year.

Cofunds head of sales Nick Godfrey and national sales manager Paul Rose have left the company as part of a restructuring of the business.

F&C is rolling out its UK Property fund to the broader IFA market by making it available on leading platforms.

Close Asset Management has appointed former Standard Life man Andrew Gillespie as marketing director and Anita Juneja, previously of Cofunds, as head of strategic relationships.

The Cautious Managed sector maintained pole position on Cofunds in July as advisers continue to focus on multi-manager funds.

Charlie Eppinger, interim CEO of Cofunds, says ‘it is business as usual' at the platform and its development strategy is on course despite the departure of Brett Williams last month.

Fund groups have warned the RDR will lead to increased volatility in fund flows and a greater share of assets going to a handful of the larger asset managers.

Cautious Managed was the top selling sector on Cofunds in Q2 as advisers look to outsource investment decisions to multi-managers in the run-up to RDR.