Commfreefunds no longer taking on new clients

I’ve recently noticed that UK discount funds broker Commfreefunds as stopped taking on new clients – this is apparently because the firm is planning to launch a new service, presumably in line with the changes brought about by RDR and the platform review.

The firm was one of the cheaper options for investors with smaller portfolios to access the Cofunds supermarket, rebating all broker commission in exchange for a 0.19% annual fee. With it now out of the market for now, Interactive Investor will generally remain the cheapest Cofunds option for larger portfolios, while Clubfinance is probably the lowest-priced option for smaller ones (although ICICI’s new service may be competitive for those in between).

I’ve updated the fund supermarket comparison table to reflect this.

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