Tag Archives: Proposition

Are we sticking our neck out?

As all the big players unveil their new pricing models it does seem as if Cofunds is sticking its neck out. Well, that’s because we are. Why? It’s simple, we believe in transparency. We want to put the consumer first just as financial advisers do. We know that advisers using our platform will have to explain our pricing structure to their clients, not to mention their statements – and this requires a simple, uncomplicated pricing model. It’s in everybody’s best interests. Continue reading

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Posted in Adviser feedback, Cofunds, Pricing model, RDR | Tagged , , , , , , , , | Leave a comment

Cofunds’ different propositions

Last week Martin Davis announced that we would be delivering three different propositions to suit different market segments. Here is the slide he used in his presentation to show the differences between the different propositions.

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PS11/9: A few surprises and some more questions

Well it’s been all go lately! We’ve spent the last 2 days pouring over the FSA’s paper on platforms (PS11/9).

Here we set out our reaction to the FSA paper. As always we welcome your comments. Continue reading

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Posted in Cofunds, FSA, FSA's Platform discussion paper, Pricing model, RDR, Update, Your platform | Tagged , , , , , , , , , , , , , , , | Leave a comment

How does Cofunds get clients like SEI?

Because we’re a multi-proposition business, our clients have a choice of solutions…

Our solutions are used by some 4,500 businesses and 13,000 users in the UK, ranging from sole trader independent financial advisers, to some of the UK’s largest financial institutions. We have a multi-proposition business built on a simple concept – enabling our customers to deliver financial advice and trade investment funds more easily. One size doesn’t fit all. The sheer range of services we offer demonstrates that.

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An interesting shift

We’re in a time of great industry change and as a result we’re seeing a shift in adviser behaviour as they adapt and evolve to the new era. We thought you might be interested in our observations. These are very general and won’t apply to everyone but they do sum up the trends we’re seeing and the conversations we’ve been having with advisers.

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Cofunds welcomes the FSA’s platform CP

We welcome the release of the FSA’s consultation paper on platforms. We’re particularly pleased that it provides for adviser choice, as we believe choice is a vitally important part of what we offer. It isn’t the place of platforms to prescribe how advisers use our propositions and services, as we know that each firm has a different way of working and know their clients’ needs best.

There are some challenges to the solution the FSA proposes, but we’ll continue to work with them to find a sensible way to support the suggested changes. This proposal has taken time to produce and it’s now our turn, as an industry, to act – to adjust our models to fit with the FSA’s position and to give advisers the stability and support they need to get through the RDR.

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