2008 Archive
Catch up on the press releases from AXA UK.
(1/05/2008) AXA announces partnership with BRE and Lexicon Energy
AXA announces today its partnership with BRE and Lexicon Energy for the provision of energy certificate services.
(1/05/2008) SMEs Responsible for 110 Million Tonnes of Carbon Emissions Each Year
AXA launches carbon calculator to help SMEs reduce emissions.
(15/04/2008) Mark Cliff
Mark Cliff, formerly Markets Managing Director at AXA, has resigned and will be joining Fortis later this year. Mark has been a much valued member of the AXA team. He has been with the company for 9 years and played a major part in its development.
(14/04/2008) AXA introduces first roving underwriter service
AXA has introduced a roving underwriter service offering intermediaries individual visits.
(11/04/2008) AXA UK appoints new head of insurance business
AXA UK has appointed Philippe Maso y Guell Rivet as chief executive of AXA Insurance.
(07/04/2008) AXA announces protection training for advisers
AXA is launching a nationwide adviser training programme to help them advise on protection products, in an attempt to help close the UK protection gap.
(04/04/2008) High earners to take up second jobs and cut pension to cope with financial strain
- 70% of Middle Britain to cut spending
- Millions of households to eat into savings and reduce pension contributions
- AXA launches Financial Task Force to tackle Middle Britain financial crisis
(25/03/2008) UK families underinsure their lives by £2.5trillion
UK families are under-insured by £2.5 trillion, equating to a total shortfall of £176,776 for the average UK family, according to figures from AXA's international Protection Scope survey.
(25/03/2008) Brits in denial
The UK is a nation in denial with the majority believing they're unlikely to suffer serious illness, unemployment or financial problems during their lifetime according to figures from AXA's international Protection Scope survey.
(20/03/2008) AXA UK successfully acquires control of SBJ Group
AXA Advisory Holdings today announces that its offer to purchase SBJ Group has been successful following acceptance by over 90% of the shareholders of SBJ. The offer is now unconditional in all respects but will remain open for additional acceptances until further notice.
(04/03/2008) AXA UK launches offer to acquire SBJ Group Limited - acquisition will significantly enhance AXA's UK distribution capability
AXA Advisory Holdings today announces that it has made a formal offer to purchase 100% of the share capital of SBJ Group. The offer, which has been unanimously recommended by the Board of SBJ, has been put to SBJ shareholders.
(03/03/2008) AXA uses expert knowledge base to revamp protection pricing structure
AXA has overhauled its pricing structure for protection products to make it even more competitive for larger sums assured.
(28/02/2008) AXA UK¹ reports strong growth in underlying earnings - to £354 million for 2007, up 15% from £308 million in 2006
- Life and Savings business delivers improved revenue in 2007 and strong earnings growth
- Winterthur business successfully integrated
- Good UK general insurance revenue growth - up 8% in 2007 - increasing share in many core markets
- Health revenues up 12% in 2007; increases delivered across all main product areas
- General and Health earnings result of £180 million achieved despite the impact of January storms and Summer floods - total cost £223 million before tax
(25/02/2008) AXA announces the arrival of Buy to Let
AXA announces today the arrival of Buy to Let, a new personal lines product designed to meet the needs of small property investors and buy to let landlords. The buy to let market is worth over £120 billion and continues to experience steady growth.
(13/02/2008) One in five UK employees still pressured to retire by their employers
- One in five (20 per cent) retirees have been forced out of their job by their employers
- Nearly half of Brits (48 per cent) retire before the minimum legal requirement
- Employers could face £45m1collective compensation bill for age-related discrimination claims
(08/02/2008) Retirees can expect a "time bonus" of 18 happy years when they stop working
- Workers think the age of ‘oldness’ is 72 – retirees feel it’s actually 78
- British retirees among the happiest in the world
(31/01/2008) AXA introduces deferral on its Retail Life and Pensions Property funds
As a result of the recent slowdown in the commercial property market and in the interests of all customers, AXA has today decided to implement a temporary deferral to fund switches out, surrenders from and transfers out of its AXA Life Property and AXA Pension Property funds for up to six months.
(24/01/2008)Britain Set to Become a Nation of Granny Flats …
- Two in three workers (63 per cent) plan to spend all their savings in retirement
- Almost one in five (16 per cent) working Brits expect to be financially supported by their children in retirement
- Over half (57 per cent) expect their children to take care of them by ‘material means‘
(24/01/2008) Global survey highlights that the UK has higher levels of life cover than other European counterparts
Buying a home and professional advice also seen as triggers for UK adults to buy life cover.
(17/01/2008) AXA appoints new non-executive Directors at Venture Preference Ltd
AXA today announces the appointment of Sandy Dunn as non-executive Chairman and Ian Brimecome as non-executive Director of Venture Preference Limited (VP), the general insurance broker business owned by AXA.
(15/01/2008) AXA advises directors to review health and safety
AXA is advising directors to review their company's health and safety procedures in preparation of the Corporate Manslaughter and Corporate Homicide Act, which takes effect from April 6, 2008. Failure by senior management to ensure compliance with health and safety law may leave the company open to being charged under the new offence, should a work related death occur.
(10/01/2008) A global survey measuring life risks has identified the UK as a nation of worriers
AXA international risk study finds northern hemisphere is obsessed by perceived risk, death and financial meltdown while south takes more relaxed view
(07/01/2008) Sir Michael Parkinson is the new face of AXA Sun Life Direct
Sir Michael Parkinson, arguably the nation's favourite chat show host, who is recently retired from his chat shows, and was knighted in this year's New Year's honours list, is the new face of the Guaranteed Over 50 Plan from AXA Sun Life Direct.
(03/01/2008) AXA goes for six with M&G
AXA adds two new products to its pensions and investments platforms
(02/01/2008) Market volatility to drive business growth for IFAs
According to new findings from AXA over a quarter (26%) of IFAs are "very confident" about the prospects for business growth over the coming year and a further 53% are "quite confident" despite the widespread concerns about financial slowdown and stagnating growth in the housing market.
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