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 has denied its backers want out after a report emerged that shareholder L&G has made an offer for the platform.
L&G has made an approach for Cofunds, in which it has a 25% stake, in a deal which could value the supermarket at up to £200m, according to reports.
Invesco Perpetual is to launch commission free share classes across its range by mid-2012, but will continue to pay a platform rebate.
UK Equity Income has seen a sharp spike in sales, according to the latest trends on the Cofunds platform.
Cofunds has today announced its new unbundled charging structure which will launch around the middle of next year alongside the bundled model. But is the supermarket offering a good deal for clients?
Platform giant Cofunds has denied it is instigating a pricing war with the wraps as it rolls out an unbundled charging model.
Platform giant Cofunds has asked fund groups to commit to developing commission-free share classes by November as it moves to align itself with RDR.
Brett Williams, the former head of both the Skandia and Cofunds platforms, has joined the board of boutique fund house Insynergy Investment Management as a non-executive director.
The Cautious Managed sector remains at the top of the leaderboard on the Cofunds platform, taking 32% of net sales in June.