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

Poor platform service 'significantly' affects 54% of advisers

Poor platform service 'significantly' affects 54% of advisers

Exclusive: Down from 80% the previous year

Jenna Brown
clock 02 December 2025 • 2 min read
Mark Sanderson: Getting to the point of platforms

Mark Sanderson: Getting to the point of platforms

'Platforms are there to serve investors'

Mark Sanderson
clock 28 November 2025 • 4 min read
How is tech changing platform asset migration?

How is tech changing platform asset migration?

'Every transfer should be compliant, transparent, and in the client's best interest'

Tom Mullaly
clock 17 November 2025 • 4 min read