Aegon UK has appointed Andy Coleman in a newly created role as managing director of retail, responsible for leading the distribution functions for both Cofunds & IPS and Aegon UK.

It follows Aegon’s acquisition of Cofunds from Legal & General following regulatory approval.  

Coleman will be responsible for the management of a combined sales team of 167 people, making it one of the largest sales forces in the industry with 99 in the field and 68 on the phone.

Coleman joined Cofunds in 2012 from AXA Wealth and was most recently commercial director. He will report to Aegon’s chief distribution and marketing officer, Mark Till.

Mark Till, chief distribution and marketing officer at Aegon, said: “As a business we’re acutely aware that the way we’re structured must be in tune with the needs of the advisers we’re serving. Andy’s appointment brings a great deal of experience and, more importantly, continuity.