Legal & General and cofunds strengthen their relationship

Legal & General and leading fund platform provider Cofunds have announced an extension of their current distribution relationship to 2013.

The move follows the successful launch on platform last year of an international bond from Legal & General's newly created life company in the Republic of Ireland and a funds only self invested personal pension broadening the product offering which Cofunds provides to the UK IFA market.

The renewed and extended contract underscores Legal & General’s commitment to broad distribution which provides a wide variety of channels to market for its products, and to utilising platform technology to reach individuals and intermediaries in the most effective way.

Tim Breedon, Legal & General Group Chief Executive, said: “I am delighted we have broadened the product range available through Cofunds and extended the duration of our relationship. We regard Cofunds as a very strong platform provider and an important partner in our distribution strategy.”