Cofunds

Cofunds founder Andy Creak and finance director Andrew Harris are leaving the platform.

Nucleus chief executive David Ferguson is going to sit back and enjoy developments in what is becoming THE place to be in financial services.

Cofunds has mounted a defence against growing criticism of its negotiations with fund managers, saying the platform is only seeking to rectify the "imbalanced" terms offered to other propositions in the market.

Cofunds marketing and proposition director Alistair Conway has rebuffed Brian Dennehy's suggestions the platform has lost IFA backing, saying its sales volumes show the level of adviser support.

Influential financial adviser Brian Dennehy has hit out at Cofunds in an open letter to its chief executive Brett Williams, saying a significant number of IFAs are concerned over the "frequent confusion" in leadership and direction.

Corporate bond funds saw a resurgence in popularity following a two-month dip in demand, accounting for a third of net sales on the Cofunds platform in July.

Ecclesiastical Investment Management has added six funds to Cofunds.

Thames River Capital has added a quartet of offshore funds to the Cofunds platform to continue its expansion into the retail sector.

Advisers must work harder to manage clients' expectations realistically as more complex products enter the market place, according to OBSR.

Following Skandia's u-turn on platform-to-platform re-registration I will forever remember June 2009 as the month in which some real clarity emerged.