Cofunds financial strength upgraded
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Funds platform Cofunds has had its financial strength rating upgraded to B+ ‘very strong’ from B ‘strong’ by AKG Actuaries & Consultants.
Martin Davis, chief executive of Cofunds, says the upgrade was a “significant achievement” for the platform.
He says: “Our rating from AKG comes after what has been an outstanding 12 months for Cofunds. Our assets under administration are now nearing £38 billion, with over £2 billion having been added to the platform since the start of the year alone.
“In terms of both gross and net sales, Cofunds has outperformed the rest of the market for the eleventh consecutive quarter, according to figures from Fundscape.”
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