You are here: AdviserArchive: August 2015

Archive: August 2015

This page is for Professional Financial Advisers only Latest from Cofunds - week commencing 24 August 2015
One month left to prepare your clients for Sunset

One month left to prepare your clients for Sunset

From Friday 25 September we'll be taking the lead in the conversion process to ensure we comply with the FCA's Sunset regulations.

Take a look at our updated Sunset web pages for more information

Further updates to our Anti-Money Laundering Policy and Procedures

Further updates to our Anti-Money Laundering Policy and Procedures

From 1 September 2015, we're making some changes to the way we identify and verify your clients.

Find out more about the changes here

Corporate Actions

Corporate Actions

View details of recent and upcoming Corporate Actions

View the latest Corporate Actions here

One month left to prepare your clients for Sunset

From Friday 25 September, we'll begin taking the lead in the conversion process to ensure we comply with the FCA's Sunset regulations. This means we'll be required to communicate to your clients, who are yet to be converted to commission-free share class funds, to explain the changes to their investments and the way they pay for them. You can find examples of the mailing packs here.

There's still time for you to contact your clients and convert them yourselves - and our dedicated Sunset web pages have been updated with all the tools and information you need to help you transition your business, and ensure you're paid for your services post Sunset.

Further updates to our Anti-Money Laundering Policy and Procedures

Next month we'll be making some changes to the way Non-Private clients are identified and verified. Currently, we request information for individuals with a shareholding of over 25%. However, from 1 September 2015, if there isn't an individual with a shareholding of over 25%, you'll need to provide details of the largest majority shareholder(s) so they can be identified and verified.

This change will be reflected in our Confirmation of Verification of Identity Forms and our CPA Transfer Drawdown Application.

Keep an eye out for these changes coming soon.

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