View more on these topics

Axa backs new wealth service with ‘rigorous’ fund selection

Firm targets drawdown after portfolio and Sipp launch

Axa has brought its wealth management and Sipp proposition to the market after more than two years of development.

The wealth management service will initially include over 170 in-house and externally-managed funds chosen using an ongoing selection process designed to meet IFA and client demands.

The Sipp proposition will offer full and deferred options, with access to a panel of discretionary fund managers plus online access to a range of over 500 UK authorised unit trusts and Oeics provided via a link to Barclays’ fund supermarket.

Axa is also enhancing its personal pension with around 200 in-house and external funds from 29 managers.

It has revamped its commission structure to include term-related commission and commission determined between the adviser and client up to a maximum 100 per cent of the first year’s annual premiums and 15 per cent of lump-sum contributions.

Investment office senior manager Colin Nelson says the new strategy could compliment a wrap proposition and confirms a team is assessing wrap although there are no firm plans to offer a proposition in the immediate future.

He says the next area Axa is targeting is drawdown and the deaccumulation market, with launches likely by the end of the year.

Nelson says: “Decisions about attitude to risk, asset classes, investment style and process and market popularity will dictate our investment menu. We will assess funds rigorously, enabling us to add funds to support these factors.

“We aim to act in our clients’ interest so we will carefully monitor the funds against strict criteria and those not up to standard may be removed from the portfolio.”


‘Providers are in A-Day meltdown’

The industry is in the throes of a post-A-Day systems’ meltdown as providers struggle to deal with new pension business, according to IFA Richard Jacobs.

Jacobs, managing director of Jacobs Pensions and Trustee Services, says even straightforward pension requests are causing problems for the biggest insurance companies.

The tides of investment

There are some key places around the globe where you can get a better perspective on the world economy.

Axa Life alters outsourcing deal

Axa Life and outsourcing firm Liberata have altered their fixed-term business process outsourcing deal to a longer-term or “evergreen” arrangement.

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm