Around three-quarters of retirees bought financial products via a bank adviser, with only 20% using an IFA, according to AXA's Retirement Scope report.
Treasury minister Mark Hoban has backed the move to fee charging as advisers' contribution to rebuilding trust in Britain's financial institutions.
Axa today declared itself happy with its investment in Bluefin Advisory Services after the intermediary revealed it made a £62m write-down last year following a restructure of its private client division.
Graham Harvey, managing director of protection at Axa, on fresh research outlining the importance of staying healthy at work…
The head of newly-formed Axa Wealth says its Elevate platform will hit the profitability mark of £7bn AUM within three years and emerge victorious from the current "platform battle".
Resolution confirmed it has acquired the Axa UK Life business, including its protection, corporate benefits and annuities arms.
Axa will begin offering variable annuities before the end of 2010, Michael Gregg, managing director of Axa Global Distributors, has announced.
AXA Wealth International has appointed Prudential's Richard Leeson as sales and marketing director.
Rob Kingsbury talks to Axa Wealth's Martin Jennings about the development of the Elevate platform and how it will help advisers in the transition to RDR.
Axa has insisted that it has no intention of selling its Bluefin Insurance Group and remains fully committed to the distribution market.