// Cofunds

21 Mar 2019 Cofunds loses £8.5bn of assets in 2018

The assets on the Cofunds platform fell by £8.5bn in the 2018 calendar year, making it the platform with the biggest net losses in the period. Data compiled by Fundscape, showed almost all platforms lost assets...

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12 Nov 2018 BREXIT WEIGHS ON INVESTOR SENTIMENT IN THIRD QUARTER

In July the UK government finally agreed an exit strategy with the EU and the outlook began to look rosier. But as the quarter wore on, resignations and vocal criticism abounded dampening investor sentiment and sending stock markets into the red — the FTSE 100 and the FTSE All Share indices fell by 1.8% in the quarter.  Download the release here
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07 Nov 2018 A sizzling summer for the platform industry – third quarter update

The summer period is usually one of the quieter quarters of the year, but an improving economic outlook and the ongoing effect of the Retail Distribution Review (RDR) led to a bumper quarter for platforms. Total platform assets under administration were £267bn, up 7% in the second quarter, and comfortably ahead of FTSE All-Share growth of 5%.

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20 Aug 2018 Sluggish ISA sales and soft Q218 for platforms

After significant falls in Q1, stock markets began to level out at the end of March... just in time for the last two weeks of the ISA season. By the close of Q218, the UK stock market had recovered most of its lost ground, with the FTSE 100 and FTSE All Share rebounding by 8% and performing better than most major stock markets in Q2.
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15 May 2018 Robust start to the year for platforms in Q1

Owing to geopolitical uncertainty, the first quarter of 2014 was more volatile for investment growth, but platforms swam against the tide thanks to strong sales. In the first three months of the year, the stock market contracted by 3%. Platforms are inevitably affected by market movements, but instead of shrinking, total platform assets actually increased by 3.3% to £304bn over the quarter.

Click here to read the full press release.

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02 Mar 2018 L&G acquires Cofunds

After months, if not years of rumour, L&G has finally acquired the Cofunds platform.  The insurance company was one of six shareholders that first came together to challenge Fidelity in the supermarket world more than 12 years ago.  Since then, Cofunds has grown to assets of more than £50bn and is the leading platform in the market by AUA. It grew and became part of the established platform industry, losing its newcomer, cutting-edge status in the process.  Which may well be why the other five stakeholders were willing to sell to L&G — that and the fact that running a platform business is very expensive.
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13 Nov 2017 Platform assets to hit £1.4trn by 2022

After an ISA-fuelled first half of the year, platform activity in the third quarter was more muted. The summer season is traditionally quieter and political and economic uncertainty was on the rise. However, the steady flow of pension money meant that platform business remained strong.  Stock markets flat-lined in the quarter, but platform assets increased by £19bn (3.6%) to £560bn, nonetheless.
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14 Aug 2017 Platforms go from strength to strength

Q217 Fundscape Platform Press Release

Download press release here. Momentum continued to build in the platform industry during the second quarter as pension freedom and ISA business drove investment. Market growth was neutral in the second quarter, but assets under administration rose by £19bn (4%) to £539bn, while gross and net sales again climbed to new highs of £34bn and £14.4bn respectively.
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