AXA Wealth’s overall funds under management (FUM) rose by 13% to £31.8bn in 2015, from £28.2bn a year ago driven by strong new business as a result of the recent pension freedom reforms.
The firm’s specialist SIPP and investment platform saw FUM rise by 13% to £20.7bn in 2015. Funds on its wrap platform were £10.5bn, a surge of 14% from £9.2bn in 2014.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
At Architas, AXA Wealth’s multi-manager investment business, assets rose to £19.8bn in 2015.
Additionally, AXA Wealth’s pensions and investment FUM increased 13% for the year to £31.8bn.
AXA Wealth CEO Mike Kellard said: "During a period of high volatility in the global markets and further regulatory and industry change, we continued to see strong growth in 2015, securing the five-year ambition we set for the business.
"This year, advisers will be looking at how to help those clients impacted by a further reduction in the lifetime allowance, we’ll see a long overdue review of the financial advice market in the UK, to attempt to close the advice gap, and there’s likely to be changes to the way pensions are taxed, to encourage people to save."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
