Follows consultation with advisers
Latest Fundscape Platform Report
Investors are getting dismal interest rates when they hold cash on the UK's biggest advised platforms, with some actually making a loss after fees, an investigation by Professional Adviser has found.
Axa Wealth has reported a 53% increase in sales for 2013, with inflows on the Elevate platform rising to £2bn.
Axa Elevate has teamed up with Winterflood Business Services to cut the cost of trading securities including ETFs across the platform by moving to an aggregated system.
Despite fears that consumers would be unwilling to pay for financial advice post the retail distribution review (RDR), AXA's latest Big Money Index has found that one in four consumers are willing to pay for financial advice, the same number as pre-RDR....
AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.