Aegon account. If youâre a regular visitor to the intermediary hub, please bookmark the intermediary home page to avoid us asking you again. If you signed in directly at cofunds.co.uk then please go to, a resident in the UK for tax purposes (HMRC defines 'a resident in the UK' broadly as if either you spent 183 or more days in the UK in the tax year (6 April - 5 April) or your only home was in the UK - you must have owned, rented or lived in it for at least 91 days in total - and you spent at least 30 days there in the tax year performing duties as a Crown employee serving overseas and paid out of public revenue of the UK (for example, a member of the armed forces, or a diplomat)); or. Fury as investors transferred from Cofunds to Aegon's investing platform were frozen out of accounts for more than a month. The annual charge is tiered so it reduces as the value of the investments you hold in your account increases as follows: We calculate it using the value of your relevant products under your IPS account on the last business day of the month. If you've flexibly accessed your benefits, the Money Purchase Annual Allowance (MPAA) is the amount that can be paid in one year to your money purchase arrangements without a tax charge applying. A taxable income - taxed at their marginal rate. Once we receive your cheque and the funds clear, we'll credit your account. If you had an Aegon ISA valued at £15,000 and an Aegon GIA valued at £7,500 on the last working day of the month then your charge would be calculated as follows: As you can see from above, the overall annual charge is calculated as £111.25 which is equivalent to 0.4944% of your total account value of £22,500. There will normally be no inheritance tax to pay. If you choose for this option it’s your responsibility to ensure there’s sufficient cash and/or investments held in your Aegon GIA to cover any charges due. ... cheque or banker’s draft your name must appear on the front of the cheque, or COFUNDS PENSION ACCOUNT . Once we receive your cheque and the funds clear, we'll credit your account. About Aegon UK plc Aegon was founded in 1831, and is a global savings and investment provider serving over 30 million customers in over 20 countries. If you die after taking benefits from your pension. Over the May Bank Holiday weekend more than 400,000 users of the Cofunds retail platform and £37bn of assets were moved across to the Aegon Platform. This is the maximum value of benefits you can take from all your registered pension schemes before you have to pay a lifetime allowance tax charge - unless you have enhanced protection. Then, when youâve agreed what youâre going to do, your intermediary will put them in place for you. Aegon ISA if you don’t already have one. Payee – Cofunds Ltd Lochside Clearing Client Account. Transferring the Cofunds business onto Aegon’s platform – which uses modern technology – will Reference - Please provide your plan number and surname on the back of the cheque so we can identify your account. If your intermediary had a Cofunds microsite, go to their original site and you'll be automatically redirected. Here’s some suggestions to try to minimise the chances of the bank asking for verification for specific providers: There are exceptions to this such as the first time you submit a debit card payment from a device or location – how this is triggered is down to the each bank or building society’s rules, so it may vary. You can write to us at Aegon, Edinburgh Park, Edinburgh EH12 9SE. Our Order Execution Policy is available to be viewed and/or downloaded. Part 2: ARC Insured Funds Policy 66-88 We might need to … As a result of the Coronavirus pandemic, we have made a number of changes to make it easier to do business with us online, including managing your investments safely and securely once logged in. If youâve any concerns about the validity of any email, please call us. Guide to paying your charges through our GIA, See more FAQs for General Investment Account (GIA), See more FAQs for Investment fund information, Changes to the Legal & General bond and pension products webpage, See more FAQs for Investor Portfolio Service (IPS) customers only - charges, Use the last eight digits only. Please speak to a financial adviser if you need further information. You must have been provided with an illustration, terms and conditions Aegon ISA key features, Aegon Platform terms Find out more about staying scam savvy and how to report suspicious behaviour here. From online technology that gives one-stop access to a universe of investment opportunity – to retirement products that make wealth planning simple, easy and fulfilling – we’re dedicated to getting people closer to their financial goals every day. married to, or in a registered civil partnership with someone performing duties as a Crown employee serving overseas and paid out of public revenue of the UK. The verification is likely to be a code sent by SMS text message or online banking that will need to be entered during the online transaction to authorise payment. Discuss your options and the flexibility to help you take your retirement benefits, from age 55. Confirmation of Payee is a new service being introduced by banks. Cheques must be made payable to Aegon. Aegon Dashboard. For a building society cheque or banker’s draft your name must appear on the front of the cheque, or on the back of the cheque accompanied by the building society’s or bank’s official stamp and signature. Payee – Cofunds Ltd Lochside Clearing Client Account. The Portfolio Plus Pension and Portfolio Plus SIPP has transferred from Legal & General to ReAssure. As at August 2018, the total value of assets managed on behalf of savers and investors worldwide was €825 billion. Cofunds and Aegon’s platform business are highly complementary. Sector - there is a huge variety of funds on sale in the UK. Global savings and investment provider serving 30 million customers in over 20 countries, Founded in 1831 as Scottish Equitable and became part of Aegon in 1994. The tax that applies after taking benefits from your pension depends on the benefit option you're receiving and your age when you die. The income payments will normally stop when you die if you don’t buy a joint-life annuity or a guaranteed annuity. Please contact us if you have any questions about where to send your payment. We’ve led the way in innovation that can make people’s financial assets work smarter as well as harder. You may find the following links useful to see how the different banks and building societies are operating strong customer authentication. I received payments through Fidelity and Aegon (cofunds). Please send the cheque to - Aegon IPS Administration, PO Box 17492, Edinburgh, EH12 1PE. A team of trained specialists, who have years of experience in financial services. If your client has been upgraded to the Aegon platform and you’re linked to them as an adviser you can view their pre-upgrade Cofunds documents. the gross amount of any relief at source contributions and the amount of certain lump sum death benefits. Add the provider (Aegon in this case) to the ‘safe list’ or select ‘don’t ask me again on this device’ at the time of making the first payment. may apply on the value of any savings made to defined benefit arrangements that are higher than £36,000 plus any carry forward you have available. It can take up to five business days for your payment to reach us. With over £607 billion assets under management, we have businesses in over 25 countries around the world and around two million customers in the UK alone*. Base rate of 0.5% - 0.05%). Aegon ISA charge = £15,000 multiplied by 0.4944% = £6.18, Aegon GIA charge = £ 7,500 multiplied by 0.4944% = £3.09. If our guides can't answer your query try our FAQs or get in contact with us. If you require access to institutional material selectÂ InstitutionalÂ here. Confirmation of Payee is a new service being introduced by banks. Banks are introducing additional security measures for debit card payments. The details we require are as follows: Amount – The amount you wish to pay into your account. Remaining annuity payments taxed at their marginal rate. For the 2020/2021 tax year, the MPAA will be £4,000. You can request this by contacting us. Both are Aegon companies. Payments will be made by bank transfer to your nominated bank account. You need to set up a bank account to open one of our products. Work has already begun to create a financial planning platform with a wider investment choice and the very best in online functionality, that’s simple, powerful and intuitive to use. They allowed me to send a 'voided' cheque as proof of ownership of the account. Consideration of the voting policy of the fund manager of an underlying fund we have invested in or are considering investing in. How can I add a provider to an approved list for debit card payments? By combining the scale and experience of Cofunds and IPS, with the innovation, financial strength and product knowhow of Aegon, we aim to provide even better support for your adviser or intermediary to manage your financial planning. Voting on a material change relating to an underlying fund we have invested in. Cheques must be made payable to Cofunds Limited. View our, If you're an Investor Portfolio Service customer, please visit our IPS page, Wide investment choice - we offer over 4,000 investment options (ast at February 2020), Tax-efficient options, including bonds, pensions, ISAs and trusts, Secure, online access to your investments, Find out how an intermediary could help you. £20,000 for a stocks and shares ISA, cash ISA and innovative finance ISA. View the latest developments on the Aegon Platform Our new Risk-Managed Portfolios, July 2020 We've changed our secure email service to Unipass Mailock - you can easily access secure emails using your Unipass Identity and reply to our emails free of charge. We’ll use any available cash you hold, and then sell down any balance required from the largest available valued investment under your product. The Investment Association sectors provide a way of dividing around 3,000 of these funds into broad groups. During that time we’ve evolved our brand, while staying steadfastly committed to our original purpose; helping people take responsibility for their financial future in order to achieve a lifestyle of financial security. Your clients should be prepared to hold the investment for at least five years – ideally longer. Founded in Edinburgh, and still headquartered here, we’ve been serving the UK for over 180 years. How do I make a bank transfer payment? The Aegon Platform no longer provides services for the Portfolio Bond and for insured funds in the Portfolio Plus Pension and SIPP. Aegon is to merge its Aegon Retirement Choices and Cofunds platforms in the coming weeks in a move which will see the Cofunds brand pensioned off. As you have two products the £9.27 charge would be proportioned between the two products as follows: We’ll normally take the charge from any available cash you have in the cash facility of the product the charge was calculated on. If you donât have an intermediary and are comfortable managing your own investments, you can sign in to manage your account. Aegon acquired Cofunds in August 2016, … If you'd like the charges paid from more than one fund you'll need to speak to your intermediary or contact us if you don't have one. Aegon's existing platform and Cofunds have limited overlap in terms of distribution. Policy. You can send us a cheque in the post. If you donât have an intermediary and are comfortable with making your own financial decisions, you can sign in to yourÂ Aegon Dashboard and manage your own investments. Please reference your Product Reference number, when making the payment. You’ll notice we’ve updated the name of the product on the Aegon Platform to ReAssure Portfolio Plus SIPP. The new platform will not make payments by cheque. Aegon has revealed how it is changing the service it provides to financial advisers on the Cofunds platform. We’d then only sell from the largest available valued investment if there wasn’t enough cash in the cash facility and your nominated investment to pay the charge. When you take your benefits, they’ll be tested against your available standard lifetime allowance or personal lifetime allowance (unless you have enhanced protection). Welcome to Aegon. It said a cheque for the £15,235 had been issued to HSBC but had had to be reissued after it … We’re proud to have been helping people take responsibility for their financial future since 1831. Once we receive your cheque and the funds clear, we'll credit your account. The move is a part of a sweeping integration plan which Aegon announced today. Aegon provided a fast, transparent and efficient transfer process. You’ve not verified your email address. 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