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Axa unveils new developments on Elevate platform

Axa has revealed it is developing unbundled pricing, a pensions wrapper and securities trading on its Elevate platform.

The wrap, which has soft-launched with a small number of advisers, is developing these new functions which will be added later this year.

Currently, the Elevate platform allows for investment in a general investment account, a stocks and shares Isa and cash account.

Unbundled pricing Elevate’s breaks down the costs of platform administration, investment and financial advice to give advidsers flexibility in the way they charge their clients.

The Elevate Pension Investment Account offer a range of investment options including both protected rights and non-protected rights contracts.

Elevate’s investment range will be extended to offer individual equities and fixed income securities as well as other collectives traded on a stock exchange, such as investment trusts and Exchange Traded Funds.

The Elevate investment tools will be upgraded to extend the research functionality and will also introduce the capability for advisers to set investment alerts, notifying them of changes such as fund manager changes.

Axa distribution services managing director Paul McMahon says: “This next stage of development is very exciting for us as it includes not only the expected, such as a pension, securities trading and investment tools but also our dual pricing structure.

“I firmly believe that flexible pricing is an essential component for the wrap market today, allowing advisers to operate dual models and even tailor their charging structure to individual clients.”


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