Axa Wealth to reduce charges on advised top-ups post-RDR

With commission banned on advised top-ups from the beginning of next year, concerns had been expressed that clients may be charged twice, with advisers not able to be paid through commission. However, Axa Wealth is insisting its flexible charging structures will apply to all pre-RDR commission products, including the Retirement Wealth Account and all offshore products. Nick Lee, head of corporate relationships at Axa wealth, said: "Advisers need to ensure a product is value for money for their client and this can be an area where unnecessary cost is passed on to the client due to some...