// Cofunds

22 May 2019 Platform expects 20% growth

The chief executive of Novia, Bill Vasilief, expects the assets on the Bath-based platform to rise by 20 per cent in 2019, driven by the woes of rival platforms. Novia’s most recent set of results showed...

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22 Mar 2019 Platform outflows

As we frantically approach the end of March, deadlines are in sight – Brexit (although this seems to be a moveable feast now) and the end of the tax year.It is no surprise then,...

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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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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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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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12 May 2017 Record-breaking start to the year for platforms

It was a cracking start to the year for the platforms industry with several new highs. Assets under administration rose by £31bn (6%) to £520bn, smashing through the £500bn ceiling, while gross and net sales set new records of £29bn and £13.3bn respectively. This was in marked contrast to the start of 2016 when economic factors and Brexit fears led investors to stay away from investments.
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