Fundscape and GBi2 have published Gatekeepers 2019, the third annual edition of their Gatekeeper research. The report accompanies the quarterly Gatekeepers database and provides an overview of Gatekeepers as at June 2019.
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.