View more on these topics

Axa Wealth to launch restricted advice model

Axa Wealth is to launch a restricted advice model in the next three months to run alongside its existing independent advice model.

The company says if advisers have not already done so they need to make a decision about the type of service they are going to offer their clients as soon as possible.

It says advisers need to consider whether clients value advisers’ expertise over their independent status, and warns maintaining independence may be more expensive than opting for the restricted route.

Axa Wealth managing director of marketing and distribution David Thompson (pictured) says: “There is no doubt the RDR is going to change the landscape of financial advice. It will shift the focus away from ‘which product’ to ‘which service’, and the value of that service from a client’s perspective.

“We believe there will be a very healthy whole of market sector and we will continue to support this fully. We do however want to offer flexibility in our approach for advisers who are considering a different route.”  

Recommended

1

Treasury on the defensive over “granny tax”

The Government has hit back in the row over the “granny tax” with a Treasury minister insisting the move is fair. In this week’s Budget, the tax-free allowance for pensioners will be frozen at £10,500 until the personal allowance for all other income tax payers reaches the same level. The normal personal allowance is set […]

6

Lifesearch: We must stamp out dodgy distributors

There has been a recurring theme in the consumer press in recent weeks – cheap premiums, especially for life insurance, are coming to an end. As life insurance is the overwhelming protection focus of the public, I will concentrate on that area. The price of a life insurance policy is at a historic low and […]

House calls

Residential property is a huge asset class and Hearthstone’s fund spreads the risk

Ex-Kensington director sets up bridging lender

Former Kensington Mortgages director of lending Michael White has set up a bridging lender which specialises in lending to professional sportspeople, entertainers and property developers. London-based Boutique Capital, which is funded by private backers, offers loans of between £75,000 and £5m over three to 18 months. White, who is the managing director of BC, co-founded […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment