Aegon is to enhance its existing Aegon Retirement Choice (ARC) platform while it migrates its recently-bought Cofunds clients to a brand new ARC-based platform.
Aegon, which has now completed its £140m deal with Legal & General to buy Cofunds, as first announced in August, said both the Cofunds and Aegon platform will be enhanced by using the best features of each proposition. Users of the platforms will remain on Aegon's two existing 'to be enhanced' platforms until the third, new platform is created and launched - which will be a hybrid of both the current Cofunds and Aegon platform, based on the latter - at which point all users will eventually be migrated to the newly-made service. Aegon said it would start rolling this out from the second ...
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