Cofunds has said it will be offering clients a discount on the Multi-Index fund range run by parent company subsidiary Legal & General Investment Management.
The Multi-Index 3, 4, 5, 6 and 7 funds will be available on the platform for an ongoing charge of between 0.24 per cent and 0.27 per cent, the platform said. The usual ongoing charges for the funds range from 0.31 per cent to 0.34 per cent.
The funds, launched in August last year and run by Justin Onuekwusi, are actively managed, risk-targeted funds which invest in L&G’s index tracker funds. They also have exposure ot direct property through the L&G UK Property Trust.
The platform said existing Cofunds clients who hold the Multi-Index funds would have the option to choose the new pricing.
David Hobbs, chief executive at Cofunds, said: “We strive at all times to give our customers access to the best fund propositions at the best value, and we believe we’ve done just that with our sister company LGIM.
“This fund, when combined in a pension proposition, means that we’re able to deliver a highly attractive option to Cofunds clients, which could be very useful with the significant changes to retirement provision just around the corner.”
