View more on these topics

Aegon completes transfer of 79,000 Cofunds customers

Technology-People-Moving-Business-Finance-700.jpgAegon has completed the first stage of moving Cofunds customers onto its new combined platform, transferring 79,000 investors over Christmas.

Those that were moved were non-advised investor portfolio service customers, mostly from building societies.

Cofunds’ advised clients are expected to move to the new platform in May. On announcing the timeframes in November, Aegon said advisers did not want their clients transferred in the run up to tax year end and also wanted time to allow Mifid II rules to bed in.

Aegon/Cofunds one year on: Chief executive on what to expect next

Aegon says it has started informing advisers about what they can expect from the new platform and how the migration of clients will be managed.

Aegon chief distribution and marketing officer Mark Till says: “We’ve completed the first big milestone as we seek to combine the best of the Aegon and Cofunds services. The successful upgrade of 79,000 IPS customers to a more modern service based on Aegon’s platform technology gives us a great deal of confidence in our approach.”

Till says the upgrade work is still on budget and on track.

Aegon’s acquisition of Cofunds completed on 1 January 2017. It confirmed in October it will drop the Cofunds brand.



Old Mutual Wealth poaches Jeremy Mugridge from Aegon for platform hire

Old Mutual Wealth has appointed Jeremy Mugridge as proposition marketing head for its platform. Mugridge previously worked in marketing at Old Mutual Wealth but now joins the business from Aegon where he was working on consultancy projects. In his new role he replaces Tom Hawkins who will lead Old Mutual Wealth’s team of office-based consultants. […]

Aegon platform assets hit £110bn

Aegon’s platform assets continue to increase after the acquisition of Cofunds as the life company looks to become the dominant player in the platform market. Aegon reported net inflows of £1.4bn into its platforms for the third quarter of 2017 this morning, pointing to “favourable equity markets” as a boost to business. The accounts note […]


Aegon plans Cofunds office closure

190 people are currently employed at the Hove office Aegon is planning to move Cofunds’ services that currently run from Hove to its office in Witham. It is expected the Hove office will close by mid-2018. The Hove office runs the investor portfolio service, which lets advisers and customers manage their investments online. There are […]


Stumped by social media?

By Scott Mill, Digital Marketing Consultant In an age of seemingly endless distractions, getting the attention of your audience can seem daunting. The challenges faced are already being addressed by other industries and it occurred to me that we could learn a few things from the game of cricket. Play the short game Test cricket […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment