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Axa Wealth slashes fees for Axa IM Distribution fund

Axa Wealth is to lower charges for the £973m Axa Investment Managers Distribution fund on its Elevate platform. Advised customers will now pay an ongoing charge of 0.51 per cent instead of 0.76 per cent. Investors on other platforms will continue to be charged 0.76 per cent for the fund. Axa Investment Managers Richard Marwood, manager […]

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FCA urges lenders to develop flexible products for older borrowers

The FCA has urged lenders to develop products to better suit the changing needs of older borrowers. Lending into retirement has become one of the biggest issues in the mortgage market since the MMR. Before the rules were launch in April 2014, many lenders cut their maximum age limits, therefore making it more difficult for […]

Robert Reid: Pensions blame game is gathering pace

As the pensions blame culture builds momentum we can see signs that one person’s freedom will inevitably become another’s liabilities. Whatever automation is put in place, life changes. Fading memories, by age or by design, will mean “safe” and “drawdown” are not an easy pairing. If you ever attend a financial planning conference in the […]

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UK GDP revised up to 2.4%

UK GDP has been revised up to 2.4 per cent for next year, Chancellor George Osborne has announced today. Figures from the Office for Budget Responsibility, released in line with the Autumn Statement, show that the GDP figures are up from those announced in the Budget earlier this year. The OBR forecast also predicts GDP will […]

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