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Impressive half year results for AXA Wealth
FIRST half-year results show that sales for AXA Wealth have increased by an impressive 68 per cent.
The wealth management comp-any, which distributes a range of pension and investment products, reported sales increasing to £2.5 billion.
The company also reported that assets under management (AUM) grew from £20billion to £24.3bn in the last 12 months.
Ahead of the retail distribution review (RDR), which came into effect from January 1, AXA Wealth repositioned its products to be RDR compliant.
AXA Wealth chief executive officer Mike Kellard, right, based at the company’s headquarters in Winterthur Way, Basingstoke, said this tailored and forward-thinking approach has helped to drive the good results.
Mr Kellard said: “These impressive results from the first half of this year are a testimony to how much hard work and effort AXA Wealth staff have put in.
“It would not have been possible to achieve these significant increases across the business without their dedication and consistency of working efficiently.
“We are extremely proud of the award-winning service that we offer, and these half-year financial results show how we are reaping the benefits of positioning our business well within the investment market.
“As well as staff contributing to the profitability of the business, they have taken the time to help several charities in a variety of fundraising efforts, from marathons and sponsored walks to the staff initiative of growing fruit and vegetables for St Michael’s Hospice, in Basingstoke.
“To date, AXA Wealth employees have managed to raise over £84,000 for a number of charities this year, with more activities planned throughout the year including abseiling down the AXA Wealth head office building in Basingstoke.”
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