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AXA Elevate reduces rebate for Architas users
by Jun Merrett on Nov 20, 2012 at 13:52
AXA Elevate has lowered the rebate it gives back to clients who use its Architas fund range to 75% of the annual platform charge attached to the multi-manager funds.
Previously investors in the Architas range via the Elevate platform received 100% of the charge, between 0.65% and 0.14%, back into their cash account.
This will reduce to 75% from 2013 onwards.
AXA Elevate first offered to waive the platform fee for clients invested in the Architas funds, overseen by Caspar Rock (pictured), in October 2011.
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by Rachael Revesz on May 24, 2013 at 08:43
1 comment so far. Why not have your say?
David Curley Dip extrodinaire
Nov 20, 2012 at 16:07
Shame that you have not included the fact that this is part of a reduction in platform costs and a re-balance of the thresholds which will be announced shortly
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