Discount Broker for investments, insurance & mortgages
Access the CofundsTM Extranet for online valuations
CofundsTM
You can invest in Unit Trusts and OEICS (Open Ended Investment Companies) and some SICAVs (Luxembourg-based funds) on the CofundsTM platform, using Clubfinance as your intermediary.
To see the range of funds available, click on the pdf document below.
CofundsTM Funds Available Schedule
Whilst within CofundsTM there is a charge if you wish to receive paper copies of reports and accounts on your funds, 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 charge.
Initial charges available through Clubfinance can be found using the CofundsTM Fund Charge Schedule:
CofundsTM Fund Charge Schedule
For new investment in an ISA, if there is a tick in the ‘Initial Charge = Initial Commission’ column under ‘ISA New’, the initial charge will be 0%.
For ISA Transfers (investing money transferred from another ISA manager), if there is a tick in the ‘Initial Charge = Initial Commission’ column under ‘ISA TRANSFERS’, the initial charge will be 0%.
Otherwise, the initial charge can be found as follows:
- Find the ‘Standard initial Charge %’ column under ‘STANDARD’
- Subtract from this the Initial Commission (‘Initial %’ under ‘ISA/SIPP COMMISSION’; or ‘Initial Commission %’ under ‘INVESTMENT FUNDS BUSINESS’, as appropriate)
- Subtract the’ Fund Manager Discount %’ under either ‘ISA New’, ‘ISA TRANSFERS’ or ‘INVESTMENT FUNDS BUSINESS’ as appropriate
This will give you the discounted initial charge after Clubfinance’s initial commission rebate. Please note that due to the way in which some funds are priced, the actual initial charge may differ slightly from the calculation above.
The Fund Charge Schedule is updated on a monthly basis.
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? |
| CofundsTM Specific | |||||
| Platform Key Features |
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| Fund Key Features |
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| Fund Charge Schedule |
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| Clubfinance Commission Statement |
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| Investment Funds Application; or ISA Application |
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| Switch Instruction Form |
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| Investment Funds Transfer Application; or ISA Transfer Application |
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| ISA Transfer Application |
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| Clubfinance documents | |||||
| Clubfinance Keyfacts about our service | |
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| Clubfinance ISA Transfer Risk Warnings | |
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| Clubfinance Terms of Business | |
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| Clubfinance Identification Requirements | NC | NC | NC | NC | NC |
| Clubfinance Client Declaration | |
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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
Make sure you have the latest CofundsTM ‘Platform Key Features’, ‘Fund Key Features’ and ‘Fund Charge Schedule’, 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 CofundsTM, 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 (the Fund Key Features above only has full information on 250 funds) or you can request this by e-mail in advance.
Other Forms
| Form Name | Comment |
| 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 (additional lump sums into existing funds: £500 per fund) and £50 (ISA) or £100 (Non-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 CofundsTM Fund Charge Schedule:
CofundsTM Fund Charge Schedule
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.
All the funds outside an ISA that are listed on the Fund Charge Schedule (or the Funds available from CofundsTM document) can be re-registered. You can find out whether particular funds inside an ISA can be re-registered looking under ‘ISA TRANSFERS – ReReg’ on the CofundsTM Fund Charge Schedule:
CofundsTM Fund Charge Schedule
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 CofundsTM.
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 CofundsTM Fund Charge Schedule:
CofundsTM Fund Charge Schedule
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 CofundsTM, 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.
The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, please click here for details. It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.
©2004-2008
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)