Aegon fundmarket platform
Cofunds is a fundmarket that provides investment platform services in the UK. The company's product options include bond, pension, collectives and cash services. It also provides consolidation, investor administration, online investor, intermediary and integration services.
Aegon is working towards integrating the platform with Aegon Retirement Choices (ARC), bringing many of Cofunds' features into ARC.
Dear CEO letter
Net sales of £7bn
New business to launch later this year amid shake-up of senior roles
Smaller companies less prepared
'Pension factor' boosts 2017 growth
Head of global marketing Evans also departs
Stats from Fundscape
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Latest Fundscape Platform Report
Key announcements over the break
Trusts becoming more accessible
Deal first announced in August 2016
Latest data from Fundscape Platform Report
Support for adviser clients
Picked for ability to hold non-sterling assets
Takes non-exec director role
Stronger retail showing
Mohan joins as platforms COO
Exclusive talks with parent L&G
Legal & General's decision to invite offers for Cofunds just two years after it bought the platform is fraught with a number of potential pitfalls, according to industry commentators.
Pictet Asset Management is aiming to "create noise" with its first onshore product for UK investors, a lower cost multi-asset fund for Percival Stanion and team.
Sanlam Private Wealth has hired Distribution Technology's Rob McDonnell as head of business development.
Legal & General is understood to be considering a sale of its Cofunds platform, just over two years after it sealed a deal to take full ownership.
Stephen Mohan, UK director at Europe's largest platform group Allfunds Bank, is set to leave the firm, Investment Week understands.