Wraps are beating fund supermarkets in attracting new business despite Cofunds' jump to the top of the platform league tables, according to latest figures.
AXA Wealth International has created an offshore sales and distribution division and appointed a new head of proposition.
Axa Wealth has appointed Nucleus' Andrew Smith as chief operating officer (COO) of its platform proposition, Elevate.
Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.
Eight in ten pensioners expect the value to their pension will decline due to inflation, according to AXA Wealth.
The 400,000 people who have dropped out of personal pension saving since 2008 are unlikely to make up the contributions later in life and will face reduced income in retirement, Axa Wealth has warned.