Cofunds

Stephen Mohan, head of UK & Ireland at Allfunds Bank, has reignited conversations with fund managers and clients about ‘0%' share classes, amid potential changes to VAT rules.

Allfunds Bank has appointed Danny Wynn, former platforms director at Legal & General, as head of fund groups for UK, Ireland and Middle East.

A number of asset managers stand to double their market share if they are prepared to be aggressive on super clean pricing, according to research from Barclays.

Hargreaves Lansdown could be set to charge lower-end clients around 70bps when it publishes its new clean fee structure, expected this week.

Cofunds has abandoned a proposed tie-up with Barclays Stockbrokers to list investment trusts and ETFs on the platform in a blow for providers.

Investors should not mistake 'preferentially-priced' share classes for the true cost of buying a fund, according to Threadneedle chief executive Campbell Fleming.

Charlie Eppinger has joined the board of Old Mutual Wealth as non-executive director.

Cofunds has written to fund groups demanding contractual rights to the best share class deals in the market - as and when they become available.

Cofunds has said its move to scrap its £40 annual fixed platform charge for some users will impact around 80,000 clients, indicating an initial hit to revenues of around £3m.

Cofunds's former marketing director Verona Smith has joined Seven Investment Management (7IM) as head of platform.