Axa Wealth revenues fall 23%

Scott Sinclair
clock •

Revenues at Axa Wealth fell 23% last year to £474m as the recession hit bond and pension sales.

The business, which incorporates Axa Winterthur Wealth Management, Axa Wealth International, Architas multi-manager and the Elevate wrap platform, saw a 40% drop in offshore bond sales, a 26% fall in personal pension sales and an 18% drop on onshore bond new business. Overall at Axa Life, which also includes Axa's corporate pensions, protection and Sun Life Direct propositions, total new business revenues were down 18% on an APE basis, from £1,026m in 2008 to £840m in 2009. Bluefin Advisory Services (BAS) saw overall revenues decrease by 25% to £70m in 2009, reflecting, it says, a d...

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 Investment

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Baillie Gifford workforce faces 10% reduction following voluntary exit programme

Around 160 roles vacated

clock 23 September 2026 • 1 min read
Nine SJP funds flagged for underperformance in AoV despite improvements on last year

Nine SJP funds flagged for underperformance in AoV despite improvements on last year

89% of assets given green light

Alex Sebastian
clock 22 September 2026 • 2 min read
The human advantage in an AI-powered asset management industry

The human advantage in an AI-powered asset management industry

'AI should be used to enhance, not replace, human engagement'

Apiramy Jeyarajah
clock 22 September 2026 • 5 min read