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Axa sets up legacy deal

Axa’s offshore wealth arm, Axa Wealth International, has bolstered its trust range offering with the launch of a legacy planning bond.

The legacy planning bond will sit alongside the estate plann- ing bond. Axa Wealth International says the move is designed to offer advisers the choice of having IHT planning solutions from both the Isle of Man and Dublin jurisdictions.

The legacy bond will be set up as a life insured product while the existing estate planning bond, which is based in the Isle of Man, is a capital redemption product designed to help clients pass on their wealth in a tax-efficient manner while taking an income.

Axa Wealth says the legacy planning bond has not been set up as a capital redemption bond because the solvency margin for a capital redemption bond in the Isle of Man is 0.25 per cent while in Ireland it is signific- antly higher at 4 per cent.

Axa Wealth International sales and marketing director Richard Leeson says: “We have witnessed recent market growth in tax-efficient investment opt-ions being sold through the Republic of Ireland. The introduction of the legacy planning bond provides Axa with the ability to offer further choice to IFAs who are looking to offer their clients a European base for their offshore investments.”


RSM Tenon appoints ex-Santander multi-manager Speck

RSM Tenon has appointed former Santander multi-manager Keith Speck to its investment team. In addition to managing the group’s model portfolios, Speck will also develop the discretionary management process and manage a number of bespoke high net worth client relationships. Speck will report to RSM Tenon head of investment management Adrian Gough. Speck left Santander […]


RDR could have mixed impact on investment trusts, says Numis

Numis Securities has warned the implementation of the retail distribution review could have a more mixed impact on the investment trust sector than some commentators suggest. The RDR, due to come into effect at the end of 2012, is predicted to boost investment companies by allowing them an equal footing with other fund structures in […]

mm andrewyeadonside

Yeadon quits Schroders after plan to combine multi teams

Schroders head of multi-manager Andrew Yeadon has left the firm after the group set out plans to merge the multi-manager and multi-asset teams. The combined multi-asset team will manage the multi-manager cautious managed, strategic balanced and high- alpha funds under the management of senior investor Johanna Kyrklund. Yeadon joined Schroders in 2000 and has been […]

Commodities gain favour

British asset allocators are turning more positive on commodities and high yield than equities as inflation rises, according to a January survey by Money Marketing’s sister title Fund Strategy. The outlook represents a slight change from allocators’ December outlooks for 2010, when managers were equ- ally positive on equities and commodities. Recent commodity price rises […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]


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