Axa Wealth to scrap platform drawdown and pension charges

The charges, currently £12 per quarter for the Pension Investment Account and £20 per quarter for drawdown, will be removed for all new and existing customers from January, the provider said. Axa Wealth managing director of business development proposition David Thompson said the changes have been made in response to the dramatically altered pensions landscape. "Despite the changes, advisers and their clients still fundamentally want to keep control over and grow their investments and generate a dependable income in retirement," he said. "Removing these charges from January will he...