Cofunds is a fundmarket that provides investment platform services in the UK. The company's product options include bond, pension, collectives and cash services. It also provides consolidation, investor administration, online investor, intermediary and integration services.
The company, which is based in London, was bought by Aegon, the pensions, life insurance and asset management business, from former owner Legal & General in 2016.
Aegon is working towards integrating the platform with Aegon Retirement Choices (ARC), bringing many of Cofunds' features into ARC.
Trusts becoming more accessible
Deal first announced in August 2016
Picked for ability to hold non-sterling assets
Stronger retail showing
Exclusive talks with parent L&G
Legal & General's decision to invite offers for Cofunds just two years after it bought the platform is fraught with a number of potential pitfalls, according to industry commentators.