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Axa unveils distribution tie-up with Clydesdale and Yorkshire Banks

Axa has signed an exclusive tie-in with Clydesdale and Yorkshire Banks to offer investment and protection products.

Axa will gain access to the banks’ 2.3 million customers under the exclusive distribution deal.

Financial planners will use Axa’s Elevate platform’to manage clients’ investment portfolios

£1.2bn of funds under management will be transferred form MLC to Architas Multi-Manager.

Clydesdale and Yorkshire Banks will retain their separate team of senior financial
planners, who will move from a multi-tie arrangement to a whole of market proposition.

The 129-strong team of financial planners, based in Clydesdale and Yorkshire Banks’ 342 retail branches will transfer to AXA and will provide advice on the firm’s own products.

Clydesdale and Yorkshire chief executive officer Lynne Peacock says: “Our core strength is in traditional retail and business banking and this initiative allows us to focus even more sharply on this, while participating in the creation of a world class wealth management and protection business for our UK customer base.”


Ian Pearson to talk at AIFA dinner

The Association of Independent Financial Advisers has announced that Economic Secretary to the Treasury Ian Pearson will be the keynote speaker at its AGM and Annual Dinner in London next week, replacing Kitty Ussher MP.

UK gilts: Shaken and stirred

Mike Riddell, fixed income portfolio manager at Allianz Global Investors, reviews the performance of the UK government bonds market post-Brexit and assesses its future prospects, as well as giving his outlook for global fixed income markets and yields movements. In addition, he provides a brief analysis of the impact of Brexit and the Bank of […]


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