Adviser has 'lost clients' over Cofunds re-platforming issues

'The whole system is actually unmanageable'

clock • 4 min read

A financial adviser has told PA his firm has lost clients as a result of issues experienced with the Cofunds re-platforming move.

The adviser, who wished to remain anonymous, said he has about £100m of assets under advice invested through the platform. "They promised this new system - unfortunately it's gone drastically wrong," he said. "I've had to cancel meetings. I've had clients leave me, I've had clients complain and I can't trade [on the platform]. The whole system is actually unmanageable." Aegon completed the re-platforming of Cofunds users onto its new ARC-based platform on 8 May after undertaking the migration over the first bank holiday of the month. Last week Professional Adviser revealed Cofunds use...

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