Cofunds: Cofunds defiant on tech upgrade costs as profits sink to £73k

Cofunds has claimed the cost of upgrading its platform technology "won't be anywhere near" the expenses incurred by rival platforms, as it posts a pre-tax profit of £73,000. Aegon agreed to acquire Cofunds last month in a deal worth £140m. Cofunds head of corporate communications Stephen Wynne-Jones says plans to develop the platform are awaiting [...]The post Cofunds defiant on tech upgrade costs as profits sink to £73k appeared first on Money Marketing.