The Cofunds Cash Reserve facility allows investors to temporarily hold cash within an ISA or PEP - a particularly useful option when market conditions are uncertain, or when your client simply wants to secure their ISA allowance for the current tax year until a suitable investment opportunity arises.
Cash held in the Cash Reserve must be destined for eventual investment, your client can simply switch this into funds at any time. No initial commission is paybale on investments in the cash reserve, although trail commission of 0.5% is payable.
Resources
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