View the article online at http://citywire.co.uk/new-model-adviser/article/a650850
AXA Wealth lifts lid on bancassurance advice charges
by Jun Merrett on Jan 14, 2013 at 17:18
AXA Wealth has set out the charges for investment advice given through its bancassurance partnerships with the Co-operative Bank, Clydesdale and Yorkshire Banks and West Bromwich Building Society.
Branch advisers at the banks and building society will charge customers 3.25% of assets regardless of how many assets they have.
There will be no ongoing advice charges and no minimum investment amount to get advice.
Customers will also be charged a 1.25% initial platform charge under the new pricing structure. There will be no ongoing platform fee.
Its new four-tiered pricing structure was made available on 1 January and saw it simplify its previous ten tier structure and cut prices by almost half.
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