Suffolk Life sale creates questions about Cofunds future

Platforum’s data at the end of September showed Cofunds had grown its assets under administration by 5.88 per cent year on year. However, of the top three platforms by assets - Cofunds, FundsNetwork and Old Mutual Wealth - its growth was the lowest from the third quarter of 2014 to the same period in 2015.

Cofunds’ assets under administration declined by 2.17 per cent in the third quarter, while the platform sector as a whole saw an asset decline by 0.84 per cent. Its net sales were significantly up from £361.6m in the second quarter last year to £1.42bn in the third, rebounding to third quarter 2014 levels.

peter.walker@ft.com