View more on these topics

Aegon sets date for Cofunds advised clients move

Technology-People-Moving-Business-Finance-700.jpgCofunds’ advised clients will move to the new Aegon platform over the first May Bank Holiday, with the new platform expected to be up and running by 8 May, Aegon has confirmed.

Around 400,000 customers will be moved to the new platform over that weekend.

Aegon completed the first stage of moving Cofunds customers onto its new combined platform in December, transferring 79,000 non-advised investor portfolio service customers over Christmas.

Aegon says its advisory board wanted the provider to avoid the run-up to tax year-end when scheduling the switch.

Advisers and clients will be able to access the platform up until 5pm on 4 May and then from 8 May.

Aegon could axe Retiready as platform placed under review

Aegon chief distribution and marketing officer Mark Till says: “We’re very grateful for the time and effort given by the 30 adviser firms who have been closely involved in shaping our plans.”

He says: “We’re now in a position to combine the best of both the existing platforms, on Aegon’s technology. Advisers have received communications confirming the date and the benefits they can expect from the new service.”

Aviva is the other platform to conduct a major migration of clients so far this year, moving customers to its new platform run on FNZ technology.

However, Aviva has been beset with problems since it launched its new platform on 23 January.

This launch followed five-days of downtime but since then advisers have reported a range of problems, including difficulties running quotations, accessing valuations  and getting the platform to accept new applications.

Payments to advisers and clients have also been delayed as a result of the replatforming project.

Recommended

Key man-organisation-leadership

Aegon overhauls leadership as Mark Till made managing director

Aegon’s chief distribution and marketing officer, Mark Till is taking over the role of managing director for Aegon Digital Solutions, where he will oversee the platform’s workplace and protection businesses as the company continues its digital restructure. Till, who held multiple positions with Barclays for 22 years and has also spent time in marketing and […]

Adrian-Grace-speaks-at-Platforum-event-2013-700.jpg
1

Aegon eager to consolidate crowded platform market

Aegon UK’s chief executive says the business could be in line for further acquisitions by the end of the year, as he reflects on one of its top years. The company released its full-year results today, revealing growth in platform assets for the UK business, totalling £117bn at the end of December compared to £7bn at […]

Aegon-Logo-Building-2012-700x450.jpg
1

Aegon assets hit £117bn

Net inflows of £2.1bn in Q4 have taken Aegon’s platform assets to £117bn, its full-year results reveal. In the UK, earnings for Q4 were stable at €23m (£22bn), with life earnings and the protection business in line with earnings from 2016. Full year earnings increased 94 per cent to £109m. Aegon UK chief executive Adrian […]

Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment