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Aegon Platform (formerly Cofunds)
Willingness to recommend
3.03/5
About the provider
Our story started over 190 years ago, when we were founded as Scottish Equitable here in the UK. Today we’re part of Aegon group – an international provider of life insurance, pensions and asset management. We’re focused on providing pension, savings and investment solutions for over 4 million customers throughout their lifetime. We do that by working with financial advisers and employers to help investors get closer to their financial goals.
Our credentials
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- Over £186 billion AUM (as at 31 December 2022)
- S&P Global Financial Strength rating A+ (as at April 2023)
- UK’s largest investment platform (as at Q4 2022)
- We provide workplace pension schemes to over 9,000 employers (as at 31 December 2022)
Aegon UK has some of the broadest and deepest distribution networks in the market – through advisers and employers and a blue-chip roster of institutional clients. We support these clients with modern technology platforms which provide services to advisers, employers and their underlying customers.
Our two adviser platforms – ARC and Aegon Platform – adapt to recognise the change in people’s lives. We’re no longer just looking at providing growth solutions through their working life and drawdown at retirement. We understand advisers and their clients want flexibility as they progress through a multi-stage life – and we can support that.
With over 4,200 investment options (as at 31 December 2022) including pension fund solutions built by Aegon, collectives, equities, investment trusts and exchange-traded funds, our platforms can meet bespoke client needs.
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Ownership:
Aegon plc, a Dutch based insurance company
AUM:
£163.9bn on platform (ARC + AP) as at 30th September 2023
Partnerships:
GBST and Finocomp
NextWealth analysis
The Aegon Platform is the Cofunds platform, acquired by Aegon in 2016. The platform ranks second last on our leaderboard. It scored 3.2 out of 5, no change from last year. Financial advisers tell us that they maintain existing client accounts on the platform but don’t use it for new clients. Aegon appears committed to the UK platform market and continues to invest in the digital front end. It scores strongly with advisers on ‘Value for Money’.
The following are quotes from financial advisers from our most recent survey:
“It is great at what it does, but it could do so much more.”
“it’s getting there but it’s not there yet. We mainly use it for legacy clients but wouldn’t actively choose it for new business.”
Integrations
Based on 155 reviews
3.18/5
Integrates One Way
Integrates Both Ways
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Dynamic Planner
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Anonymous
September 2023
Willingness to recommend
Integrations
Value for money
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Anonymous
September 2023
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
