Axa Wealth sales up in Q3 as funds under managment swell 10%

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Retail sales at Axa Wealth were up 3% to £2.5bn in the third quarter with funds under management at the firm swelling by 10% to £27bn.

The company’s platform, Elevate, also saw funds under management grow by 26% from £6.9bn to £8.8bn when compared to Q3 last year. Funds under management for Axa Wealth pensions and investments totalled £18.2bn. Assets also increased for Architas, AXA Wealth’s specialist investment business, which were up 6% from £12.6bn to £13.3bn. Chief executive Mike Kellardsaid: “Most people would agree that the last couple of years have been transformational for the industry. RDR brought with it fresh opportunities for the industry to re-connect with the public; and the sweeping changes announced ...

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