Prudential considering purchase of Cofunds

Prudential is believed to be in talks with senior representatives of intermediary fund supermarket Cofunds about buying the platform and integrating it into Egg, its internet bank. Although there is no official tender out in the market, Prudential is understood to be interested in the platform, which was created by Gartmore, Threadneedle, Jupiter and M&G. Sources say Prudential may use the Cofunds system as part of its PruLab venture, one of the life assurer's future projects. However, Prudential has refused to comment on market speculation. Cofunds was previously approached by bi...