'Unsustainable' Cofunds pricing sure to change, adviser says

IFS Wealth & Pensions director Alan Chan said the platform operated on one of the lowest pricing structures in the industry and this would likely be amended as it is brought in line with Aegon's own platform Aegon Retirement Choices. He said the deal, which saw Legal & General (L&G) sell the platform to Aegon for £140m, was well-timed. He added he could understand why L&G had sold off the business. Chan commented that low pricing structures were a general problem for the platform industry as even the largest operators have "very thin profit margins". "Any change in how the market o...