Cofunds re-reg charges

 

----- Original Message -----

From: Robin

To: john.lappin@centaur.co.uk

Sent: Friday, November 14, 2008 2:19 PM

Subject: Cofunds re-reg charges

I was interested to read Chris Salih's piece on the back of the 13 November edition of Money Marketing on the action Cofunds are taking to stop paying a £25 re-registration fee to fund providers for re-registrations into Cofunds.

 

I could understand that Cofunds would be reluctant to allow re-registrations of holdings out of their care if at first, they had to pay £25 to a number of fund providers to originally get the funds.

 

I can only assume this course of action will lead to Cofunds allowing re-registrations out, as well as in, and hope that other platforms will follow suit.

 

Or am I being hopelessly optimistic? 

 

Robin Keyte