View more on these topics

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.”

Recommended

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 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com