View more on these topics

Axa Wealth International boosts offshore proposition after sales fall

Axa Wealth International has introduced a focused offshore sales and distribution division, following a drop in offshore sales in the first half of 2012.

The division aims to provide advisers with an enhanced level of technical service. Axa will launch a telephone support service for offshore accounts and grow its offshore sales division.

Axa’s offshore sales fell 37 per cent to £345m in the first half of this year, as total sales fell 16 per cent from £1.9bn to £1.6bn.

The provider has appointed Acuity Consultants director Simon Willoughby to head up the new offshore propositions team.

Axa Wealth Intentional managing director Mike Foy says: “Creating a distinct offshore sales focus demonstrates Axa Wealth’s long-term commitment to the offshore market and is essential given the changes anticipated as a result of the RDR and how the offshore market continues to evolve from a distribution and service proposition perspective.”

Recommended

Fewer than half of Sipp providers can facilitate adviser charging

Fewer than half of Sipp providers can currently facilitate adviser charging on their products, while only 40 per cent can produce key features illustrations in line with proposed FSA requirements. From 1 January next year, the ban on commission payments will mean clients will pay for financial advice either up front or through a charge […]

2

IP Taskforce says Govt simple product work is a ‘wake up call’

The Income Protection Task Force says the findings of the Treasury steering group on simple products are a “wake-up call” for the industry and has pledged to support the development of a simple income replacement product. The steering group, led by former FSA director and Lloyds Banking Group chief risk officer Carol Sergeant, reported its […]

L&G profits up as it highlights restricted advice muscle

Legal & General has agreed single-tie distribution deals covering 75 per cent of the UK building society sector as the provider develops its restricted advice offering ahead of the retail distribution review. L&G’s interim results for the first six months of 2012, published this week, reveal IFRS pre-tax profits increased by 11 per cent, from […]

13

FOS rejects calls for claims firms to pay case fee

The Financial Ombudsman Service has confirmed its intention to increase the number of free cases that firms are allowed before having to pay a case fee from three to 25 per year but rejected calls for claims firms to pay a fee. Currently, firms have to pay a £500 case fee for the fourth and […]

Artemis Global Income: Making sense of global markets

The rally in cyclical ‘value’ stocks paused for breath in February, as investors took a more cautious tone and switched their attention back to defensive areas. In this article, Jacob de Tusch-Lec, manager of the Artemis Global Income Fund, explains how he has positioned the portfolio, given the many economic, geopolitical and policy risks that […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Oh no! We need this like a hole in the head. All the life companies going offshore to pick up the shady non registered advisers around the world. The last chance saloon for the life cowboys.

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