70% of funds back free Isa re-registration

Some 70% of fund groups on the Cofunds platform will offer free re-registration of Isas and Peps fro...

Some 70% of fund groups on the Cofunds platform will offer free re-registration of Isas and Peps from 1 November. A further 13 groups, including Jupiter, Newton and Gartmore, have signed up to offer free re-registration taking the total to 37 of the 45 groups on Cofunds. All 45 already offer free re-registration of unwrapped fund holdings. Cofunds uses an in-house system to electronically track transfers but is looking to incorporate the transfer tracking function on its external website in the fourth quarter. Clive Boothman, chief executive of Cofunds, said the site also generates pre-...