Cofunds chief: Investment trust plans are still on the table

Cofunds' chief executive David Hobbs has told Investment Week the platform has not written off plans to introduce investment trusts to the platform, and may look to include them in future.

The platform scrapped plans to launch ITs on its platform late last year, pulling the plug on a venture with Barclays Stockbrokers which was also due to allow advisers access to trade individual equities and bonds. The programme ran as a pilot with a number of adviser firms who use Cofunds, but Hobbs, speaking exclusively to Investment Week, said the plans could yet be rekindled. "There are broader investment types that are important, and it is not off the agenda," he said. "We are looking very hard at things that could add value to clients, and that are robust." The previous sy...