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Axa launches portfolio planner enhancements

Axa has launched the second phase of its wealth management proposition, enhancing its portfolio planning tool and improving the fund range of its onshore bond.
The provider has also introduced a new bond charging structure aimed at simplifying pricing. The new bond has a 2 per cent loyalty bonus for investors in year 10 and no surrender penalties.
It offers 95 per cent allocation on investments up to 25,000 and 96 per cent on those over this amount. The annual management charge is 1 per cent.
Axa head of funds development Mike Mumford says: These enhancements are part of a programme which will continue in 2006 as we build on our strong position in funds distribution and provide advisers and their clients with access to one of the most comprehensive fund management services available.


New Star Breaks the 7bn barrier

New Star has broken 7bn in retail funds under management in just over four years since its retail launch in July 2001. The firm has grown organically since launch and through the acquisition of the rights to manage funds from Aberdeen, Exeter and Edinburgh fund managers. New Star managing director of UK retail Phil Wagstaff […]

BBB merges IFA arms in bid to reduce capital deficit

Berkeley Berry Birch is merging the two arms of its nat- ional IFA business, Berry Birch & Noble Financial Planning and Weston. The group says the manoeuvre is part of plans to satisfy the FSA that it is making provisions to reduce its capital adequacy deficit, currently 11m. It stresses that no other part of […]

Fundamental launches capital protected IHT portfolio

Fundamental is offering a capital protected inheritance tax planning service combining the benefits of 20 per cent income tax relief. Fundamental will invest in Aim companies to avoid IHT, and in companies qualifying for enterprise investment scheme income tax relief after three years. The minimum investment for a capital protected portfolio is 100,000. Fundamental director […]


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