Axa is set to launch the second phase of its wealth management proposition by making improvements to its portfolio-planning tool and onshore bond product.
The onshore bond product will benefit from a new 'easy-access' charging structure to simplify bond pricing. The bond will now have a 2% loyalty bonus for those who have invested in the bond for ten years as well as no surrender penalties. It also offers 95% allocation on investments up to £25,000 and 96% on those over £25,000. The bond carries a 1% annual charge.
There will also be an additional 43 funds made available on Axa's main investment bond offering, bringing the total number of funds to 90. These new funds will be a mixture of both Axa-managed and externally managed funds.
Portfolio Planner, Axa's own planning tool, has also been improved. The service now offers a 'straight through' quotes facility linking to Axa's fund administration platform. There are also optional e-mail alerts for advisers when their portfolios need rebalancing.
The first phase of Axa's Wealth Management proposition was designed in September 2005 and was developed to provide investors with access to a diversified portfolio of funds. It now enables customers to invest in 30 funds from across the range.
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