Thursday, 22 November 2012 10:38
AXA Wealth off-platform range adapted for RDR
AXA Wealth has announced its off-platform range is fully RDR-ready and the full AXA Wealth proposition will be unveiled before the end of the year.
This includes the firm's long-term pension plan Retirement Wealth and onshore investment bonds.
The range of options available for adviser charging include initial, spread initial, ongoing and ad-hoc adviser charging which can be taken on pre and post-RDR assets. There is also a flexible agreement to take charges up to a client-agreed maximum limit.
{desktop}{/desktop}{mobile}{/mobile}
Adviser charges will be facilitated on products currently closed to new business but that existing clients can still invest in. This applies to the trustee investment plan, personal pension, executive pension and earlier versions of the Retirement Wealth account.
Nick Elphick, chief operating officer at AXA Wealth, said: "The aim from the very beginning was for our adviser charging options to be consistent across the entire product range to make it as simple as possible for advisers.
"What we have introduced gives advisers and their clients the flexibility they need, regardless of which AXA Wealth products best suits their circumstances.
"We expect the transition to our new adviser charging options to be a straight-forward process for many advisers at a time when they are making big changes to their businesses."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
This includes the firm's long-term pension plan Retirement Wealth and onshore investment bonds.
The range of options available for adviser charging include initial, spread initial, ongoing and ad-hoc adviser charging which can be taken on pre and post-RDR assets. There is also a flexible agreement to take charges up to a client-agreed maximum limit.
{desktop}{/desktop}{mobile}{/mobile}
Adviser charges will be facilitated on products currently closed to new business but that existing clients can still invest in. This applies to the trustee investment plan, personal pension, executive pension and earlier versions of the Retirement Wealth account.
Nick Elphick, chief operating officer at AXA Wealth, said: "The aim from the very beginning was for our adviser charging options to be consistent across the entire product range to make it as simple as possible for advisers.
"What we have introduced gives advisers and their clients the flexibility they need, regardless of which AXA Wealth products best suits their circumstances.
"We expect the transition to our new adviser charging options to be a straight-forward process for many advisers at a time when they are making big changes to their businesses."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
This page is available to subscribers. Click here to sign in or get access.