2005
(15/04/2005) AXA launches A-Day support tool for IFAs
AXA is launching one of the most comprehensive A-Day support packages on the market for IFAs, as the clock starts to tick down towards April 2006.
The AXA Pension Auditor is a web-based series of dynamic presentations outlining all the key topics and issues that advisers need to consider with their clients in order to maximise their pensions arrangements in advance of the watershed date. It can be accessed at AXA's adviser website at www.axa.co.uk/advisers from Monday 18th April.
The package includes detailed sections, with worked examples, covering such areas as:
- Funding for tax free cash only
- Maximising a client's pension benefits pre- and post- A-Day
- Increasing cash for post '89 members
- Using a phased retirement plan to increase tax free cash
- Retiring prior to A-Day with a tax free cash sum greater than 25%
The tool also helps advisers to identify which clients should be at the forefront of their minds in planning for A-Day - such as those who wish to retire before age 55, those in pre '89 schemes, and those who have a tax free cash entitlement of more than 25%.
As a second phase of the launch, from next month AXA will be adding a simplification calculator which will have a comprehensive range of modelling options and will produce a client report and a list of discussion items.
Commenting on the launch, Richard Needham, Individual Pensions Marketing Manager at AXA, said: "This is a support package that provides real practical help for IFAs, giving extensive worked examples at a granular level of detail. It is vital for IFAs to plan ahead well in advance of A-Day so as to prioritise their clients, identify the key issues needing to be addressed and review the affairs of some of their wealthiest clients. This innovative package assists advisers in maximising the opportunities arising from A Day and complements the extensive technical support available from the AXA team."
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About AXA
AXA is a world leader in financial protection. AXA's operations are diverse with major operations in Western Europe, North America and the Asia/Pacific area. AXA employs 120,000 staff and tied agents and, as of 31 December 2004, had €869 billion in assets under management. Reported total revenues for 2004 were approximately €72 billion. The above information relates to AXA as a whole. The provider of pension products is AXA Sun Life plc, a company within the AXA Group. AXA Sun Life plc has no automatic right of access to the assets of other companies within the AXA Group. Our previous company performance is not a guide to how we may perform in the future.
AXA ordinary shares are listed on the Paris Stock Exchange; AXA American Depositary Shares (ADSs) are listed on the NYSE under the ticker symbol AXA.