Axa last month confirmed it was in exclusive talks to buy financial adviser group Thinc Destini, and given the time scales usually involved in a merger or takeover, it wouldn't be unreasonable to think the deal could be completed at any time.
Paul Evans, chief executive of AXA Sun Life, confirmed last month the talks were at an advanced stage and the Board was then hoping to “progress quickly to an acquisition”. The implications on both the industry and more specifically on Axa could, as a result, be interesting given this is the life insurer’s first venture into financial adviser distribution and the group has been attempting to beef up its position in the UK financial services market, based on moves earlier this week suggesting Axa last week tabled a bid to buy parts of Scottish Widows. The announcement also comes at an ...
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