axa fined 1 8m for serious investment
Axa has been heavily fined by the UK’s Financial Conduct Authority for failing to ensure it provided suitable advice to its customers.
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Axa
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Small cap income funds join White list
Sanlam’s income study sees the addition of Unicorn and Chelverton’s small-cap income funds to its white list; Newton Higher Income and Jupiter Income have moved onto its grey and black lists respectively.
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Axa Wealth ditches adviser line in post RDR review
Axa Wealth has closed its pre-sale adviser helpline making one person redundant following a post-RDR business review.
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CEO Carrel Billiard bids farewell to Axa IM
Andrea Rossi has been appointed chief executive officer of Axa Investment Managers (Axa IM) following Dominique Carrel-Billiard’s decision to leave the group.
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Platform development results in loss for Axa
Axa Portfolio Services (APS) has posted a pre-tax loss for the second year running, citing investment in the development of the Axa Elevate platform as a key contributing factor.
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Axa IMs Trindade reduces financials
The fixed income market is set for a volatile few months as a number of key global issues come to a head including decisions about QE, the German election in September and Mark Carney taking up his new role as governor of the Bank of England, according to Nicolas Trindade of Axa Investment Managers.
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Floating exchange rate key
Axa Investment Managers says a floating renminbi is key in China achieving long-term sustainable growth and expects greater flexibility for the currency in the next six months.
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Axa Wealth International cuts
Axa Wealth International is scaling back its UK-based international sales team and has made seven roles redundant.
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disinflation not supposed to happen
Later this week the UK will release inflation data for April with the market consensus forecast that CPI dropped to 2.6% from 2.8% from March and that the RPI fell slightly to 3.1% from 3.3%.
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monetary policy high yielding assets
Chris Iggo explains why a Mark Carney-run Bank of England's could have a new remit, what it might look like, and what this all means for fixed interest investors.
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Morningstar upgrades a number of funds
BlackRock, Threadneedle and Axa are among the managers to have had their funds upgraded by Morningstar following the latest round of ratings updates.
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Italy problems resolved by Italy not ECB
One solution for Italy's economic/fiscal problems could mean pushing Italy closer to the edge of its own fiscal cliff so it finally recognises the need for action, says Chris Iggo.