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  • FIRST POST
    • Mr Pegs
    • By Mr Pegs 4th Nov 12, 7:21 PM
    • 36Posts
    • 3Thanks
    Mr Pegs
    Co Funds change
    • #1
    • 4th Nov 12, 7:21 PM
    Co Funds change 4th Nov 12 at 7:21 PM
    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
Page 1
    • dunstonh
    • By dunstonh 4th Nov 12, 7:30 PM
    • 81,068 Posts
    • 46,329 Thanks
    dunstonh
    • #2
    • 4th Nov 12, 7:30 PM
    • #2
    • 4th Nov 12, 7:30 PM
    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.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • Mr Pegs
    • By Mr Pegs 5th Nov 12, 7:55 AM
    • 36 Posts
    • 3 Thanks
    Mr Pegs
    • #3
    • 5th Nov 12, 7:55 AM
    • #3
    • 5th Nov 12, 7:55 AM
    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.
    Originally posted by dunstonh
    Thanks do you have any thoughts to good funds or do you consider current ones I have good performing
    • jimjames
    • By jimjames 5th Nov 12, 12:14 PM
    • 9,211 Posts
    • 7,326 Thanks
    jimjames
    • #4
    • 5th Nov 12, 12:14 PM
    • #4
    • 5th Nov 12, 12:14 PM
    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.
    Originally posted by dunstonh
    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.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • Mr Pegs
    • By Mr Pegs 10th Nov 12, 7:46 AM
    • 36 Posts
    • 3 Thanks
    Mr Pegs
    • #5
    • 10th Nov 12, 7:46 AM
    • #5
    • 10th Nov 12, 7:46 AM
    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.
    Originally posted by jimjames

    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
    • By Mr Pegs 10th Nov 12, 8:00 AM
    • 36 Posts
    • 3 Thanks
    Mr Pegs
    • #6
    • 10th Nov 12, 8:00 AM
    • #6
    • 10th Nov 12, 8:00 AM
    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?
    Originally posted by Mr Pegs
    Sorry should add 'any thoughts for diversification'
    • Mr Pegs
    • By Mr Pegs 13th Nov 12, 9:01 PM
    • 36 Posts
    • 3 Thanks
    Mr Pegs
    • #7
    • 13th Nov 12, 9:01 PM
    • #7
    • 13th Nov 12, 9:01 PM
    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
    • By jem16 13th Nov 12, 9:37 PM
    • 18,134 Posts
    • 10,718 Thanks
    jem16
    • #8
    • 13th Nov 12, 9:37 PM
    • #8
    • 13th Nov 12, 9:37 PM
    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?
    Originally posted by Mr Pegs
    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.
    • dunstonh
    • By dunstonh 14th Nov 12, 10:57 AM
    • 81,068 Posts
    • 46,329 Thanks
    dunstonh
    • #9
    • 14th Nov 12, 10:57 AM
    • #9
    • 14th Nov 12, 10:57 AM
    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.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • Reaper
    • By Reaper 14th Nov 12, 9:58 PM
    • 5,879 Posts
    • 3,883 Thanks
    Reaper
    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.
    Originally posted by dunstonh
    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/news/2207779/cofunds-unbundled-model-goes-live

    The pricing sounds very similar to the Fidelity FundsNetwork unbundled option.
    • talexuser
    • By talexuser 14th Nov 12, 10:46 PM
    • 1,684 Posts
    • 1,248 Thanks
    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.
    Last edited by talexuser; 14-11-2012 at 10:48 PM.
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