Cofunds                              

You can invest in Unit Trusts and OEICS (Open Ended Investment Companies) and some SICAVs (Luxembourg-based funds) on the Cofunds platform, using Clubfinance as your intermediary.

To see the range of funds available, click on the “Funds” button above, or click on the pdf document below.

Cofunds Funds Available Schedule

Cofunds make a charge if you wish to receive paper copies of reports and accounts on your funds. However, they are available as pdf documents from their website. Please use the following link.

    http://www.cofunds.co.uk/Investors/Reports_and_Accounts_Investors.aspx

Fund initial charges

Clubfinance rebates all of its initial commission to reduce the initial fund charges.
To see the initial charges available through Clubfinance click on the “Funds” button above.

Online Investor Service

• Buy funds using a Debit Card.

• Switch between funds.

• View holdings, valuations and correspondence.

New Cofunds customers can open a Cofunds account and buy funds using a Debit card (to use the service further you will then need to register to use the service as normal after receiving your letter containing your Cofunds Client Reference number.)

Existing Cofunds customers can log in or register.

Please note: if you have an existing Cofunds account through another intermediary, you will need to first Change your Agent to Clubfinance, and then register for Clubfinance's Cofunds Online Investor Service. Alternatively, you can open a separate new account using Clubfinance as for "New Cofunds customers" above. (You can still subsequently Change your Agent for your other Cofunds accounts and request that they are merged with your new one).

Click here to access our Cofunds Online Investor Service.

Forms and Documentation

Please see below for the forms and information applicable to each type of transaction.

Document (Click to open)	New investment	Switch	Re-registration	ISA transfer	Complete & send in?
Cofunds Specific
Cofunds Terms & Conditions
Cofunds Key Features
Fund Key Features (& Key Investor Information Documents (KIIDs))
Fund Charges information
Clubfinance Commission Statement
Investment Funds Application; or ISA Application
Switch Instruction Form
Investment Funds Transfer Application; or ISA Transfer Application
ISA Transfer Application
Clubfinance documents
Clubfinance Keyfacts about our service
Clubfinance ISA Transfer Risk Warnings
Clubfinance Terms of Business
Clubfinance Identification Requirements	NC	NC	NC	NC	NC
Clubfinance Client Declaration

Key

- Read, understand and retain copies of these documents and if the 'Complete and send in?' column is ticked, please send a completed copy to Clubfinance with your application.
NC    - New Clubfinance customers only (and existing customers if not previously provided).

How to invest using a paper application form

Make sure you have the latest Cofunds 'Terms & Conditions', 'Cofunds Key Features', Fund Key Features (including Key Investor Information Documents (KIIDs) where available) and fund charge information, and have read, understood, and kept copies of the documents indicated in the table above. For those documents relevant to your transaction with a tick in the 'Complete and send in?' column, print off a copy to complete and send in. If you have not previously supplied identification documents to Clubfinance, you will also need to include these (see 'Clubfinance Identification Requirements' for details). Please remember that you must send all documents, including a signed Clubfinance Client Declaration, to Clubfinance Ltd and not direct to Cofunds, in order to benefit from our commission rebates. Click here for full details of the process

Our postal address is:

Clubfinance Ltd
PO Box 1036
Hemel Hempstead
Hertfordshire
HP1 2WU

Once we receive your application, we will e-mail you a tailored fund key features to cover your chosen funds or you can request this by e-mail in advance.

Opting to receive your 75% trail commission rebates automatically

By default, Clubfinance customers receive their 75% trail renewal (trail) commission rebates annually by cheque in December, based on the trail commission we receive up to 31st October each year.

However, on request, Clubfinance customers can instead choose to have their Cofunds renewal (trail) commission rebates paid either into their Cofunds Cash Account, or into their nominated bank account, on a monthly basis. (Please note that for Cofunds pension products the trail rebate will be paid directly into the relevant Cofunds Trading Account).

To request this, you can use the paper form available in the ‘other forms’ section below. Alternatively, if you don’t need to set up a nominated bank account using the paper form, you can send us an e-mail from the e-mail address you have registered with us. Please state whether you would like your automatic rebates paid into either your Cofunds Cash Account or your nominated bank account, and include your full name at the bottom of the e-mail.

Other Forms

Form Name	Comment
Automatic Trail Rebate Request Form	Use this form to request to have your 75% renewal (trail) commission rebates for Cofunds paid automatically into your Cofunds Cash Account or a nominated bank account.
Nominated Bank Account Instruction	Use this form to set up or change your nominated bank account for Cofunds. Any change to your nominated bank account will not be applied to regular monthly investments. You will also need to send us an original bank statement less than 3 months old. Please note you can also set up or change your nominated bank account using Clubfinance’s Cofunds Online Investor Service.
Investment Funds to ISA Application	Use to sell investments and reinvest within an ISA. Please refer to the table above under 'New investment'.
Withdrawal Instruction Form	Use to sell investments. Funds must be transferred to an account in the account holder's name - please also send in a bank/building society statement less than 3 months old for that account.

Summary details

This is only a guide. Full details will be contained in the Key Features and Terms & Conditions for the fund supermarket.

New investment

We rebate 100% of our initial commission to reduce the initial charge. After the rebate, initial charges are generally between 0% and 2.5%.

The minimum new investment is generally £1,000 per fund lump sum (non-ISA)/ no minimum (ISA) and £100 (Non-ISA)/no minimum (ISA) per fund monthly by direct debit only.

Remember that we will also rebate 75% of any renewal commission each year by cheque (see our Terms of Business). Depending on the fund, renewal commission is typically 0.5%, but can be lower or zero. You can find the renewal commission rates for each fund on the Cofunds funds page of our website.

Re-registration

There is no charge for re-registration. Note that your existing plan manager may make a charge or exit fee so please check with them first. You can potentially re-register funds both inside and outside of an ISA.

You can find out which funds can be re-registered on the Cofunds funds page of our website. Funds that can be re-registered have a tick in the “Re-reg” column.

Clubfinance's usual 75% rebate of any renewal commission will apply.

ISA Transfer

We rebate 100% of our initial commission to reduce the initial charge, and Clubfinance's usual 75% rebate of any renewal commission will apply. For many funds, there are additional initial charge discounts for ISA (and former PEP) transfers onto Cofunds.

The minimum transfer into a fund you don't already hold is generally £1,000. Note that your existing plan manager may make a charge or exit fee, so please check with them first. If you would like to know the charges and commissions to purchase particular funds, please see the Cofunds funds page of our website.

Switch

We do not take any initial commission on switches.

You will normally pay an initial switching charge of 0.25% of the amount of the value of the Units/Shares you buy. The maximum switching charge will not exceed the fund's standard initial charge. There is no switch initial charge for switching into the Cash Reserve.

Funds are bought and sold so could also have a difference between the buying and selling price or a dilution levy may be applied.

Cofunds Information Request

If you already have an account with Cofunds, and are interested in appointing Clubfinance as your agent to benefit from our commission rebates, please see Change of Agent.
 

Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘contact us’. Users of this website should be aware of the following:

• Past performance is not a reliable indicator of future results.

• The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.

• Some investments and policies may only be suitable as medium or long-term products.

• Tax treatments depend on your individual circumstances and may be subject to change in future.

• This website contains financial promotions relating to services offered by and products available through Clubfinance.

• In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

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©2004-2012 Clubfinance Ltd, all rights reserved.
Clubfinance Ltd. Registered Office: Charleston House, 13 High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AA
 Telephone: 01442 217 287, Fax: 01442 241 045
Registered in England, Registered Number: 04522114. Consumer Credit Licence Number: 608951
Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)