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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.”


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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 […]

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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 […]

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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.


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