View the article online at http://citywire.co.uk/new-model-adviser/article/a636262
AXA Wealth unveils RDR-ready pension plan and onshore bond
by Jun Merrett on Nov 22, 2012 at 07:52
AXA Wealth has made its off-platform pension and onshore bond ready for the retail distribution review (RDR).
Both the AXA Wealth long-term pension plan and onshore investment bond can now facilitate adviser charging on initial, spread initial (on regular premiums), ongoing and ad hoc basis for both pre and post RDR assets.
Advisers can also take charges up to a client-agreed maximum limit and any existing remuneration taken on pre-RDR assets can continue.
AXA Wealth, which is headed by chief executive Mike Kellard (pictured), will also facilitate adviser charging on products closed to new business including the Trustee Investment plan, Personal Pension, Section 32, Executive Pension and earlier versions of the Retirement Wealth account.
Nick Elphick, AXA Wealth chief operating officer said it was always the company's aim to have a consistent adviser charging model across AXA Wealth's entire product range.
'What we have introduced gives advisers and their clients the flexibility they need, regardless of which AXA Wealth product best suits their circumstances,’ he said.
‘We expect the transition to our new adviser charging options to be a straight-forward process for many advisers at a time when they are making big changes to their businesses.'
In June, AXA Wealth said it was set to offer adviser charging across its whole product range from 31 December
News sponsored by:
Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this article:
More from us
- AXA removes commission charges on top ups
- AXA says advisers should not fear rise of exec-only
- AXA Wealth to offer adviser charging on all products