Axa Wealth new business surges 34% in Q1

New onshore bond business rose 20% while offshore bond sales were up 38% on the same period last year. Sales & marketing managing director David Thompson says the bumper results indicate  the return of market confidence. "Last year was a bad year for everyone but these results suggest things are improving. We have seen more confidence in consumer buying behaviour and the adviser community and a rally in the stock markets." Thompson adds the positive results also reflect the rapid growth of Axa's new products, with its SIPP offering, The One from Winterthur, seeing business levels ...