LV= has revealed that access to investments via the Cofunds platform is now available through its Flexible Transitions Account SIPP.
Advisers with clients in LV=’s FTA are now able to manage assets online through the Cofunds. The deal allows access to Cofunds’ range of roughly 1500 funds from more than 90 fund groups.
Use of the platform requires no initial investment and there are no switching fees for instructions received by fax. Cofunds’ platform is also available via LV=’s simplified FTA Lite SIPP which carries lower annual plan fees.
Commenting on the deal LV= head of pensions Ray Chinn said: "Cofunds is the largest independent platform in the UK. Providing access to it through our FTA gives IFAs even greater flexibility of fund choice, with a streamlined administration process. The fee discounts that LV= and Cofunds are able to offer as part of this deal also makes this proposition great value for clients who want a simple SIPP wrapper invested in collectives.
"This partnership also demonstrates the opportunity for more traditional product providers to work with platforms and wraps to build compelling propositions for the market.”