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...

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 Platforms

EQ Investors launches on Timeline platform

EQ Investors launches on Timeline platform

Financial planners to have direct access to sustainable portfolios

Sophia Panayi
clock 21 May 2026 • 1 min read
Parmenion group operating profit dips in 2025 due to 'increased costs'

Parmenion group operating profit dips in 2025 due to 'increased costs'

Has decreased 10.2% since 2024

Sophia Panayi
clock 18 May 2026 • 2 min read
P1 rolls out latest platform update for advice firms

P1 rolls out latest platform update for advice firms

To overtake ‘oil tanker’ legacy providers

Isabel Baxter
clock 15 April 2026 • 3 min read