Cofunds

Revealing platforms' profitability (and why it matters)

Square Mile Investment Consulting and Research is to provide fund research for Cofunds users in a partnership between the two companies.

Investors are calling for more control over ETF trades executed on fund platforms, many of which are incapable of hosting the vehicles or are currently unable to offer real time trading.

Innovative thinking

Platforms are stepping up their white-label investment offerings to advisory firms as an increasing number of orphaned clients presents a challenge ahead of the 2016 legacy commission ban.

The operators of twenty-eight of the UK's largest investment platforms are forming the UK Platform Group in a bid to more fully represent the industry.

Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-RDR revival for the sector gets underway.

Bravura is understood to be in pole position to win the technology contract to power Cofunds, following months of negotiations, in a switch which would see it replace International Financial Data Services (IFDS).

Cofunds is planning to review the language of a client letter after an adviser slammed its 'provider speak'.

The regulator is to meet members of Tisa to discuss re-registration rules next month, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose recently.