Aegon 'confident' of Cofunds data migration on first May bank holiday

'Necessary steps' taken

Tom Ellis
clock • 2 min read

Aegon said it had taken the "necessary steps" to move Cofunds clients over to the new, enhanced Aegon platform with confidence in light of the struggles Aviva has faced with its new platform.

Advisers will face three days of downtime on the platform over the first May bank holiday as Aegon shifts all of Cofunds' clients from the old platform to the new. Aegon expected the new platform would be available by Tuesday 8 May after the weekend of client migration, while the old, Cofunds platform would be "fully operational" until 5pm on Friday 4 May. Aegon said its Advisory Board had agreed a long weekend when markets were closed for an extended period would "enable advisers to move seamlessly to the enhanced platform". Aegon is moving Cofunds users to its new, upgraded version ...

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 Wrap/platforms

AJ Bell platform hits record AUM as inflows rise 19%

AJ Bell platform hits record AUM as inflows rise 19%

13% rise over the past year and a 1% increase in the quarter

Linus Uhlig
clock 24 April 2025 • 2 min read
Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read