Axa looks to sell wealth management business - report

The paper said the £42bn business had brought in Barclays bankers and Fenchurch Advisory Partners to help it sell off units - including parts of its wealth management business. Sources told the Sunday Times the firm had “grown tired of the regulatory environment in the UK”. The paper added offshore bond provider Axa Isle of Man and parts of its Sun Life operation are also potential candidates to be sold. It said all parties declined to comment on the report. The paper said the review of Axa’s British assets comes more than five years after it sold most of its UK life insurance busine...