You are here: AdviserArchive: March 2011

Archive: March 2011

This page is for Professional Financial Advisers only Latest from Cofunds - week commencing 7 March 2011

Important information on tax year end deadlines

We’re rapidly approaching the busiest period of ISA season. To help you, we’ve posted our cut off times for both ISA and pension contributions on our tax year end web page. You'll also find lots of helpful hints and tips to ensure that your instructions are processed as quickly as possible.

Don't miss out on our live Budget review

Tony Wickenden and John Woolley from Technical Connection will join us for a live webcast the morning after the Budget. For prompt, insightful analysis of the implications and opportunities for you and your clients brought about by the Budget register your place now.

Keep up to date with all the latest info at our blog

Ensure you get the latest info, news and views at our blog. Take a look at the blog for info on:

  • Illustrations - which now include next tax years ISA limits
  • The new range of literature available to you
  • The award winning OBSR created researched funds panel and model portfolios available on the Cofunds platform.

Key dates for Sale for Regular Payment mandates

Please remember that if you have set up a Sale for Regular Payment, you should avoid placing a rebalance, switch or sell between the 5th and 9th working day of the month.

This is because the calculation for the sell down from your client's investments takes place on the 5th working day of each month ready to be executed on the 9th working day of the month.  So, any rebalance, switch or sell put through between the two dates alters the calculation - Resulting in the Sale for Regular Payment being invalidated for that month. This would mean we would have to carry out the sale for regular payment manually.

After your trade, any clients on a ‘nominated fund’ mandate will be placed on a ‘largest fund’ mandate. We will sell from the new largest fund held across your client’s related investment products. The client will continue on a ‘largest fund’ selldown mandate in future months;

For products linked to a model portfolio, we will recalculate the Sale for Regular Payment on the basis of the new fund percentages held in the portfolio following your trade, using the usual model portfolio process (see the Sale for Regular Payment instruction for details).

For more information take a look at our blog or read the detailed brief of the service.

Have you explored the Cofunds Pension Account?

A collectives-only pension with an online illustration and application process and the option to upgrade to the Suffolk Life MasterSIPP should your clients require additional investment vehicles at a later stage.

Watch a short video on the Cofunds Pension Account and apply.

Corporate actions

View details of recent and upcoming corporate actions