Cofunds is a fundmarket that provides investment platform services in the UK. The company's product options include bond, pension, collectives and cash services. It also provides consolidation, investor administration, online investor, intermediary and integration services.
The company, which is based in London, was bought by Aegon, the pensions, life insurance and asset management business, from former owner Legal & General in 2016.
Aegon is working towards integrating the platform with Aegon Retirement Choices (ARC), bringing many of Cofunds' features into ARC.
Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.
Cofunds is negotiating with asset management firms to renew agreements made years ago which could see groups forced to pay extra lump sums to the platform.
Wealth manager Ashcourt Rowan has appointed Cofunds to power its adviser platform proposition.
Fidelity FundsNetwork has become the first of the fund supermarkets to confirm it will offer investment trusts ahead of RDR.
M&G Investments is considering launching both a 0.75% and a 1% AMC share class as it positions its fund range ahead of the Retail Distribution Review (RDR).
Cofunds head of commercial, Russell Lancaster, says clean share classes represent the ultimate in transparency.
Many investors in the current climate would baulk at the words of Laurence Fink, chief executive officer and co-founder of BlackRock, who said investors should have 100% of their investments in equities at the moment.
Brett Williams, the former head of platforms Cofunds and Skandia, has launched a private equity firm with targets including financial services groups.
The FSA will release a platform consultation paper within the next couple of months setting out draft rules on rebates and regulations for execution-only platforms, after Deloitte completed its research into the sector.