AXA blended funds launched
www.moneynews.co.uk > Insurance > AXA blended funds launched
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Money News |
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AXA blended funds launched
Tue 5th May 2009
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The insurer said that the new funds will enable trustees to make changes to funds, asset allocation and benchmark, without needing to obtain member's consent before making the change.
AXA's new product will have a single unit price and a single set of performance statistics.
Mark Rowlands, head of corporate partnerships at AXA, said: "By offering blended funds, AXA is providing pension scheme trustees and their investment advisers with more control, flexibility, reduced risk and bespoke member communication."
AXA traces its origins back to 1720, when Royal Exchange Assurance was granted its first licence to trade in London.
The group now has 50 million customers worldwide and has a presence in around 50 countries.
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Related News : AXA |
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