AXA Elevate lowers platform cashback deal

clock

AXA Elevate is to lower the discount it offers to users who buy the group's own Architas fund range in 2013.

Under the current deal, Elevate users who buy the group's Architas multi-manager range via the wrap get the annual platform charge - which varies between 0.65% to 0.14% - waived in full as part of a "cashback" offer. However, from 2013, the group is amending the cashback deal, offering a 75% rebate of Elevate's portfolio charge instead of 100%. The rebate will continue to be paid annually into the client's cash account as long as they remain invested in the fund. AXA Wealth - which is responsible for the Elevate platform - said while the new deal was not as generous as 2012's offer...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read