Cofunds' flows drop as parent looks to improve platform's 'efficiency'

Cofunds project part of digital savings business strategic review

clock

Cofunds' parent company Legal & General (L&G) has announced it is looking to improve the 'operational efficiency' of the platform, which reported a drop in net asset flows compared to last year.

The insurance and investment group, which became the sole owner of the business in May this year, said the project at Cofunds is part of a strategic review of its digital savings business. Despite being the largest shareholder in Cofunds since 2005, before buying the remaining stake earlier this year, reports have suggested L&G is looking to offload the platform. In its latest results, L&G revealed Cofunds has generated year-to-date net flows of £2.6bn, but this was lower than the £4bn gained in the corresponding nine-month period last year. Total assets continue to climb and have ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read
Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read