Axa Wealth restructure sees Jennings step down

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Elevate managing director Martin Jennings has stepped down after Axa Wealth announced a restructure which will see its main distribution business aligned to the Elevate platform.

The restructuring, undertaken to further embed its platform into the adviser marketplace, will see all Elevate front and back office activity transferred to Basingstoke over the next few months, enabling a single point of contact for IFAs regardless of platform or product. "This decision reflects the growing influence of platforms in the adviser marketplace and an opportunity to accelerate AXA Wealth's strategic plans after the sale of AXA legacy life business to Resolution," it says. The move will see Elevate Bancassurance front and back office activity located in Aztec West, Bristol...

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