L&G makes £64m loss on Cofunds sale but retirement business booming
Legal & General (L&G) has confirmed the sale of its investment platform Cofunds to Aegon led to a £64m impairment loss.
The £140m deal was announced in August last year, with the sale completing in January and making Aegon the UK's biggest platform provider. Nevertheless, the provider booked overall profits of £1.6bn,...
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