Aegon completes final migration of 300,000 Nationwide customers

H1 results published today

Sophie King
clock • 1 min read

Platform and life giant Aegon has migrated the final 300,000 Nationwide customers from its old Cofunds to its newly-made platform.

In its latest results published on Thursday (15 August), Aegon confirmed some £8bn of assets across 300,000 Nationwide customers, who manage their investments via Aegon's Investor Portfolio Service, were migrated onto the firm's new platform in May 2019. In May 2018, Aegon completed the migration of more than 400,000 customers and £37bn of assets from the Cofunds platform to a new, upgraded Aegon Retirement Choices platform. However, it suffered a number of difficulties with the technology switch along the way.  A few months after the move, the company issued an apology to advised Cof...

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