Aegon successfully completes acquisition of Cofunds

Aegon has successfully closed the acquisition of Cofunds from Legal & General, following regulatory approval.

The agreement to acquire Cofunds from Legal & General was announced on August 11, 2016.

The integration of the business is expected to be completed in the second half of 2018. Transferring the Cofunds business onto Aegon's modern platform will lead to significant benefits for its 750,000 customers and their advisors.

For more information about the integration roadmap see Aegon UK's press release.