Axa has contacted all IFAs who use the Elevate platform informing them of the closure.
Money Marketing understands that the two-day closure is to allow Elevate to implement phase four of its development programme. Phase four is set to include the addition of an offshore bond and a discretionary fund management tool to the platform.
An Axa spokeswoman says: “I can confirm that the Elevate site will be down for essential maintenance over the weekend.”
She could not comment on specific details of the shut-down, but added: “Phase four provides additional functionality for IFAs.”