Axa chosen to provide fund of manager links for Bates

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Bates Investment Services has picked Axa to provide it with a series of fund of manager links. The...

Bates Investment Services has picked Axa to provide it with a series of fund of manager links. The national intermediary firm is still in the process of working out exactly what the portfolios will be but several will be bespoke arrangements and not products Axa already offers to the market. Bates will also require Axa to provide a full set of tax wrappers around the multi-manager funds, which, over time, will include an Isa, a Pep and a pension, as well as offshore bonds. The terms of the deal do not exclude Axa from looking to complete similar arrangements with other intermediary firm...

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