With over 10 years’ experience and market knowledge, we pride ourselves on giving our customers access to thousands of investment choices in one place, powering the UK’s leading platforms, wealth managers and third-party providers.
By facilitating the trading, settlement, asset servicing and custody of our customer’s fund assets, we significantly reduce your operational risk and help maximise efficiencies for your business. Our institutional service is your single point of access for fund order routing, net settlement, asset servicing and custody.
Customers can access over 400 fund providers in one place (as at 30 September 2021), including multiple jurisdictions and denominated currencies.
We manage over £215 billion (as at 31 December 2021) on behalf of our customers across the UK.
Benefits of our institutional service
Our focus on risk management and operational efficiency is demonstrated by our A+ financial strength rating from S&P Global (as at 15 September 2021).
We regularly ask for legal opinions to make sure each local legal framework in the multiple jurisdictions we operate in, recognises the nominee concept. And, that the rights of our customers and beneficial owners are protected.
All customers receive our independently produced, annual Audit and Assurance Faculty (AAF) report.
Aegon Institutional (Cofunds Limited) is authorised and regulated by the Financial Conduct Authority (FCA), our FCA Financial Services Register number is 194734.
With automation, we reduce barriers to cross-border distribution of investment funds. We provide pre-reconciled, single, daily files which report our customers’ holdings, transactions, and distributions. Combining this with our live system showing activity in real-time, we give our customers complete transparency of their fund holdings.
We help our customers manage currency risk by providing access to over 400 fund providers (as at 30 September 2021), multiple jurisdictions and funds denominated in Pound Sterling, Euros and US Dollars.
Order routing (S2S)
We can establish connections with any system-to-system provider, meaning we offer electronic order routing as our customers' primary connection. This allows them to benefit from straight-through-processing directly to the market – securing guaranteed valuation points and contractual net settlement.
A secondary connection is also available, so customers can complete trades online with two-stage authorisation (if required).
Transfers and conversions
We handle the transfer of investment funds to and from our institutional service through the respective transfer agent. As members of TISA Exchange Limited (TeX), we process and receive the majority of transfers electronically. This allows our customers to process transfers simply and efficiently - and we support share class conversions too.
Bulk data centre
Customers and third-party integrators can access all reporting through our bulk data centre, whenever they need it.
Net settlement and distribution income
Contractual net settlement means our customers can either make or receive a single daily payment, with just one consolidated report containing a breakdown of all relevant trade information. Similarly, we provide the same service for distribution income that’s payable – we pay this on the date set by the fund manager.
Large and duplicate deals
We’re here to support our customers manage their operational risk. Customers can monitor any large and/or duplicate deals online, with the ability to cancel any instructions before they’re processed.
Corporate actions and voting rights
We give our customers notice of each upcoming corporate action event, as well as the option to vote on all applicable events.
We make our charges as simple as possible, that's why we have just one monthly charge for our services. Pricing is available on request.
Find out more about our institutional service
We have a dedicated team who can take you through our institutional service in detail so you can understand what we offer, how it works and the benefits to you.
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