Co Funds change

[Mr Pegs]

Hi All, I have a Co-fund account managed through Willis Owen, just sort of sat there so I have decided I should review if any good and make changes if I have to. Two funds (in isas) in co-fund Invesco European Equity fund and a little in Aviva Investors property trust.

2 questions should I make changes if so any thoughts to who next question are Willis Owen good any thoughts about others if not them to manage

Must stress been lazy and must improve with respect to this investment Thanks so any help appreciated

[dunstonh]

I have a Co-fund account managed through Willis Owen

From what I can see, they are not managing anything. They are just the servicing agent. They are DIY and eliminate the initial charge as no advice is being given.

2 questions should I make changes if so any thoughts to who next question are Willis Owen good any thoughts about others if not them to manage

Willis Owen are doing nothing other than giving you an key to invest on the Cofunds platform for which they are paid around 0.5% p.a. So, you cant say they are good or bad as they not doing anything that can be measured that way.

You choose your investments with the option you have.

[Mr Pegs]

Originally Posted by dunstonh

From what I can see, they are not managing anything. They are just the servicing agent. They are DIY and eliminate the initial charge as no advice is being given.



Willis Owen are doing nothing other than giving you an key to invest on the Cofunds platform for which they are paid around 0.5% p.a. So, you cant say they are good or bad as they not doing anything that can be measured that way.

You choose your investments with the option you have.

Thanks do you have any thoughts to good funds or do you consider current ones I have good performing

[jimjames]

Originally Posted by dunstonh

Willis Owen are doing nothing other than giving you an key to invest on the Cofunds platform for which they are paid around 0.5% p.a. So, you cant say they are good or bad as they not doing anything that can be measured that way.

As per the comment above if you move to another agent using the Cofunds platform you should be able to get the 0.5% pa refunded. I use Cavendish Online and all the commission is rebated which is a useful addition to the portfolio.

If those are the only funds you hold then you may want to look at diversifying your portfolio to have a wider selection of areas but which will depend on your age, attitude to risk and other factors like savings and pensions.

[Mr Pegs]

Originally Posted by jimjames

As per the comment above if you move to another agent using the Cofunds platform you should be able to get the 0.5% pa refunded. I use Cavendish Online and all the commission is rebated which is a useful addition to the portfolio.

If those are the only funds you hold then you may want to look at diversifying your portfolio to have a wider selection of areas but which will depend on your age, attitude to risk and other factors like savings and pensions.

I will take a look at Cavendish online,, age I retire in 6 years,, I save in cash isa,, teachers pension in future after 32 years,, dont like risk any thoughts?

[Mr Pegs]

Originally Posted by Mr Pegs

I will take a look at Cavendish online,, age I retire in 6 years,, I save in cash isa,, teachers pension in future after 32 years,, dont like risk any thoughts?

Sorry should add 'any thoughts for diversification'

[Mr Pegs]

Another question what is difference between co-funds and Fidelity FundsNetwork as Cavendish state if I transfer from Willis Owen to them I cant have co-funds and must have fundsnetwork so anyone any dealing with both funds?

[jem16]

Originally Posted by Mr Pegs

Another question what is difference between co-funds and Fidelity FundsNetwork as Cavendish state if I transfer from Willis Owen to them I cant have co-funds and must have fundsnetwork so anyone any dealing with both funds?

They are not funds.

Cofunds and Fidelity FundsNetwork are both funds supermarkets ( or funds platforms) which offer access to funds from all the different fund houses. The price at which they offer this service will vary and one may ofer a fund that the other does not and vice versa.

[Rollinghome]

Originally Posted by Mr Pegs

Another question what is difference between co-funds and Fidelity FundsNetwork as Cavendish state if I transfer from Willis Owen to them I cant have co-funds and must have fundsnetwork so anyone any dealing with both funds?

Fidelity offer about 1100 funds and Cofunds about 1500. There are discount brokers offering more than one platform but all are more costly than Cavendish.

www.rplan.co.uk , www.fairinvestment.co.uk , www.chartwell.co.uk, www.commfreefunds.com and www.chelseafs.co.uk all use Cofunds
www.tqinvest.co.uk offer Cofunds and Fidelity Fundsnetwork
www.clubfinance.co.uk offer Cofunds, Fidelity FundsNetwork and Skandia

www.hl.co.uk have their own platform, are very popular and user-friendly but now less competitive on price.
www.investsmartuk.co.uk may use Cofunds and offer some sort of annual review in return for a lower rebate but I don't know much about them
www.alliancetrustsavings.co.uk may interest if you've a substantial amount to invest.

[dunstonh]

Cofunds is opening its platform up to clean share classes and non-commission paying investments if you go down the unbundled option. Other unbundled platforms have near 30,000 investment options available. How far Cofunds will move from its 1500 to that is not known at this time.

[Reaper]

Originally Posted by dunstonh

Cofunds is opening its platform up to clean share classes and non-commission paying investments if you go down the unbundled option. Other unbundled platforms have near 30,000 investment options available.

Interesting. I hadn't heard about it previously.

How far Cofunds will move from its 1500 to that is not known at this time.

1700 now and they will add another 300 by the end of the year apparently.
http://www.ifaonline.co.uk/ifaonline...odel-goes-live

The pricing sounds very similar to the Fidelity FundsNetwork unbundled option.

[talexuser]

If you are under the existing bundled platform, how do you calculate whether it is worthwhile to change to the unbundled version?

For example switching a 20K fund in the bundled is 0.25% or around £50 and free in the unbundled, but if your total Cofunds portfolio is say 100K, the unbundled will cost around £290 a year.

Does it depend purely on how often you want to switch funds? I'm with Cavendish with full rebates at the moment.