Standard Life makes ‘aggressive’ platform fee cuts
Latest price cut ‘reverses the previous rises and then some’ to become more competitive in market
Latest price cut ‘reverses the previous rises and then some’ to become more competitive in market
Standard Life has announced that its offshore bond will now be available on the UK insurer’s adviser platform business Elevate.
Standard Life has confirmed that Elevate will continue as a distinct platform after months of speculation that it could be combined with the investment firm’s Wrap proposition.
Axa has agreed to sell its wrap platform business to Standard Life and has confirmed it is in talks to dispose of its remaining UK life and savings assets.
Axa’s UK life insurance and wealth investment units are reportedly up for sale, in a move that could see the French insurance giant net up to £700m ($997.8m, €875m).
Axa Wealth will scrap regular charges for both its pension products and drawdown services available via the Elevate platform.
IOMA products are to be the first third party products to be made available on Axa Elevate.