Cofunds is the UK´s largest fund supermarket, administering £12 billion of investments. It´s backed by some of the UK’s leading financial companies, including Legal & General, Threadneedle and Jupiter.
You can mix and match over 900 funds from 60 of the UK’s leading fund companies.
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Before you invest, please make sure you read CommShare’s Key Facts document and Terms of Business.
Suppose you want to transfer an existing ISA to a new fund company, e.g. you have an Aberdeen ISA with Aberdeen that you want to transfer to Jupiter. You can use Cofunds so that your new Jupiter funds are held at Cofunds rather than Jupiter.
Next time you want to transfer your ISA to other funds, you simply switch your funds within Cofunds instead of arranging another ISA Transfer. There are two advantages:
ISA transfers can take up to 30 days and your investment can be out of the market for some time. Switches can be arranged over 2 days.
Switches within Cofunds are arranged with a 0.25% charge, so you could save money too.
ISA transfers are arranged with the same initial discounts (or better) than new investments.
You can add your existing funds to Cofunds completely free of charge using a process called re-registration. Free of charge means that you have exactly the same number of units/shares in each fund after they have been re-registered.
This process is sometimes referred to as consolidation and is becoming increasingly popular with investors.
Let us do the work for you.
You can complete the Cofunds re-registration forms yourself.
You can switch your funds within Cofunds with a 0.25% charge. It’s quick and easy to switch your funds online. Unregistered Cofunds customers need to register to use this online switching service. If you have your Cofunds customer number handy, you can register now.