PA ANALYSIS: Cofunds deal a rare win all round
The sale of Cofunds is a rare example of an asset sale that is a win for all concerned.
The sale of Cofunds is a rare example of an asset sale that is a win for all concerned.
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Legal & General Group has sold its investment platform Cofunds to Dutch insurer Aegon.
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Aegon’s UK platform business has benefited significantly from the pensions freedoms announced in April, the firm said.
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Three quarters of consumers are confused regarding the definition of financial advice, according to a recent study by Aegon UK.
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The United Kingdom’s unemployment rate has dropped to a seven-year low of 5.4%.
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Dutch insurance giant Aegon is looking to sell its annuity business in the UK, following on from a move by the French insurer Axa to offload its British business, as international insurers react to the changing regulatory environment.
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The minutes from the last Bank of England monetary policy meeting have revealed there remains little dissent within the committee, with all members united in holding rates steady at 0.5%.
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Demand for low-volatility investment products is set to grow, Aegon said on Wedesday, as pension changes see an increase in retirees choosing drawdown and investors burned in the financial crisis remain cautious.
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Kames Capital is to run the latest product launched by Aegon which aims to help investors take advantage of new pension flexibilities.
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Gerardine Davies has joined BNP Paribas Real Estate as the firm targets UK business growth.
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Aegon AM UK has officially transformed into Kames Capital.
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Aegon is to rebrand its UK asset management business as Kames Capital.
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