View more on these topics

EAxa retreats on selling rival plans

Axa has shelved plans to sell competitors&#39 products with the aid of online advice on its proposed new website.

The-commerce project, known internally as eAxa, stirred IFA concern that it could pave the way for an online multi-tie, when Money Marketing revealed the life office&#39s plans in January.

The website was initially to sell life and pension products from Axa Sun Life, Axa Assurance and PPP Healthcare. It was also going to feature Woolwich&#39s Open Plan account and a share-dealing facility plus other life offices&#39 products.

The service is now set to concentrate only on products under the Axa umbrella. But online financial advice has not been ruled out and the systems for offering the facility are still being developed.

Axa&#39s internet strategy will continue to be developed alongside similar online consumer operations already up and running in Germany, France and Belgium. The life office is yet to confirm the official launch date of eAxa.

Spokesman Phil Hickley says: “The-commerce strategy does not mean we are refocusing away from IFAs.”

Recommended

Book a bench seat

Last week I started to look at the Sandler consultative document which I suggested could and will revolutionise the way in which financial advisers give investment advice to clients and are remunerated for that advice. Although, on the face of it, this document is at this stage only for consultation purposes, there seems little doubt […]

Scottish Life removes policy fee on regular premium plans

Scottish Life has removed the policy fee for all new regular premium plans of £100 or more per month.The life office says the move is designed to increase the attractiveness of its personal pension plans and that the removal of the policy fee produces a substantial improvement in its competitive position. Head of Communications Alasdair […]

Bristol & West – 6 Year GEB Isa

Wednesday, 12 September 2001.Type: Guaranteed Isa.Aim: Growth linked to the performance of the FTSE 100, Eurostoxx 50and Nikkei 225 indices.Minimum-maximum investment: £3,000 mini cash Isa,£3,000-£9,000 Tessa only Isa.Investment choice: Mini cash Isa, Tessa only Isa.Term: Six years.Guarantee: Capital returned in full regardless of the performance ofthe indices.Return: 80 per cent of the growth over six […]

1

AMP appoints head of acquisitions

AMP has chosen director of finance Philip Moore to be head of mergers and acquisitions, with the role of researching global opportunities for expanding the business. He will be responsible for the execution of all major acquisitions and disposals of assets. Moore will retain his responsibilities as corporate director of finance, a position he has […]

Benefits - thumbnail

Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.

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