Axa Wealth has confirmed it will not retain any commission on advised top-ups after the Retail Distribution Review (RDR), insisting charges will be reduced for clients.
With commission banned on advised top-ups from the beginning of next year, concerns had been expressed that clients may be charged twice, with advisers not able to be paid through commission.
However, Axa Wealth is insisting its flexible charging structures will apply to all pre-RDR commission products, including the Retirement Wealth Account and all offshore products.
Nick Lee, head of corporate relationships at Axa wealth, said: "Advisers need to ensure a product is value for money for their client and this can be an area where unnecessary cost is passed on to the client due to some providers having less flexible systems and charging structures,
"Advisers and clients alike can be confident that whatever business they write with Axa Wealth in 2012 will be fit for purpose in 2013 and beyond."
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