Axa Elevate

Bought platform for £31m in 2016

Platform functionality highlights

Axa makes management changes

Is Standard Life/Axa deal a watershed moment?

Follows strategic business review

Axa Wealth reported record inflows to its wrap platform Elevate in the month before the 6 April introduction of widespread pension reforms, taking total assets beyond £10bn and pushing the group's overall funds under management (FUM) closer to the £30bn...

AXA Wealth has moved into profitability following "strong growth across the business", which saw overall funds under management (FUM) increase by 11% last year.

Axa Elevate has said a ‘systems error' is causing delays in income payments to hundreds of clients on the platform.

Axa Wealth is to drop charges associated with drawdown and its Pension Investment Account on its Elevate platform.

Axa Wealth is set to launch a list of around 100 favoured funds in the mould of Hargreaves Lansdown's Wealth 150, to help advisers "cut through the noise".