When did Aegon take over Cofunds?
On 1 January 2017, Cofunds and IPS, the UK’s largest investment administration service, became part of Aegon.
Is Cofunds now Aegon?
Cofunds is one of the oldest adviser platforms in the market. It started life with the backing of six financial services companies, but is now owned by Aegon.
Is Legal and General part of Aegon?
Legal & General has recently announced that it’s decided to sell IPS to Aegon, the international pensions, insurance and asset management company. The sale will happen following approval from the Financial Conduct Authority, the regulator for financial services.
Is Legal and General part of Royal London?
Legal & General Group plc, commonly known as Legal & General, is a British multinational financial services and asset management company headquartered in London, England….Legal & General.
| Headquarters at One Coleman Street, London. | |
|---|---|
| AUM | £1,421 billion (2021) |
| Total assets | £582,638 million (2021) |
| Total equity | £10,943 million (2021) |
Who are Aegon Cofunds?
As one of the world’s largest financial service organisations, we work with advisers, employers and individuals to offer long-term savings, investments, pension solutions and protection products. We help people achieve a lifetime of financial security.
Who owns Aegon pensions?
Vereniging Aegon, Aegon’s largest shareholder, is an association which safeguards the interests of the company and its stakeholders. Vereniging Aegon holds Common Shares and Common Shares B, in aggregate representing 32.6% of the issued and outstanding shares.
Who are Aegon cofunds?
Who owns Legal & General?
Allianz
Allianz has snapped up the Legal and General general insurance business for £242m.
What companies does Aegon own?
Aegon has businesses in Europe, Asia and the Americas. Our main brands are Aegon and Transamerica. Aegon offers products and services in the life insurance, pension, retirement and asset management fields. We innovate on a continual basis, following trends and customer needs in the markets in which we operate.
Is Aegon a good pension?
Aegon Default Pension Funds As identified in this report, their default workplace pension fund ranks among the best in the sector over the past three years, but it is a relatively new fund and there are consistently better performing alternatives available.
When did Legal&General buy Cofunds?
Legal & General acquired the remaining 75 per cent stake in Cofunds in 2013 in a £131 million deal. The Cofunds business, headquartered in Essex, had £77.5 billion of assets under administration at the end of June and around 750,000 customers. The deal will see Aegon’s advisor platform assets rise to £98 billion.
What is Cofunds and how does it work?
Cofunds is an independent investment platform that offers fund administration services to its clients. The platform enables its users to buy investments through financial advisers and other institutions, including stockbrokers and banks.
What does Aegon’s acquisition of Legal&General mean for Cofunds?
Insurer Aegon has agreed a £140 million deal to buy Legal & General’s Cofunds investment platform. The deal, which also includes Legal & General’s Investor Portfolio Services platform tailored for banks and building societies, will see Aegon create the UK’s largest investment platform.