Cofunds misses out on discounted Woodford share class

clock

Cofunds is set to list Neil Woodford's equity income fund next month, but will not offer advisers access to the manager's discounted share class.

The platform will carry the C share class for the CF Woodford Equity Income fund priced at 75bps, not the Z share class priced at 65bps. Cofunds head of marketing Stephen Wynne-Jones said open architecture platforms would not be allowed to carry the cheaper share class. "We understand Woodford's Z class is only available where distribution is influenced," he said. "As an open architecture platform, we do not influence distribution, as we allow advisers to choose what funds they want and do not dictate what they choose." Woodford, who quit Invesco Perpetual to launch his own bout...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Clive Waller on platforms sector change and a new sponsor for the Vanguard UK Platform Awards

Clive Waller on platforms sector change and a new sponsor for the Vanguard UK Platform Awards

The Vanguard UK Platform Awards in association with The Platforms Association

Clive Waller
clock 04 March 2026 • 2 min read
Vanguard to sponsor UK Platform Awards

Vanguard to sponsor UK Platform Awards

Professional Adviser continues as media partner

Professional Adviser
clock 04 March 2026 • 1 min read
Perspectives on platforms and progress – past, present and future

Perspectives on platforms and progress – past, present and future

'Platform providers need as much input as they can get if they want to stay ahead of the curve'

Steve Andrews
clock 19 February 2026 • 4 min read