Articles - AXA Wealth provides financial advice service to Co-op Bank


     
  •   Major seven-year distribution partnership agreed

 AXA Wealth announces it has won the contract to provide a new financial advice service to Co-operative's (Co-op) five million retail banking customers across its bank branch network. The major distribution agreement will include an investment, pension and life insurance advice offering.

 The exclusive seven-year distribution partnership, which will launch in October 2011, will provide Co-op's clients with access to expert financial advice and a wide investment and protection product range, backed by the resources and strength of AXA Wealth.

 AXA Wealth has a strong reputation for providing efficient and effective advisory services to the retail banking sector, following its successful agreements with Clydesdale and Yorkshire Banks, and Britannia Building Society.

 The new service, which is designed for the post Review of Retail Distribution world, will offer Co-op Bank's customers a specifically tailored fund range, including ethical funds, designed using the considerable expertise of Architas, AXA Investment Managers and Co-operative Insurance Services Unit Managers. The service is backed by a bespoke version of AXA Wealth's Elevate wrap platform, which is the leading platform operating in the retail banking sector today.

 The partnership will deploy 325 advisers across the branch network. The new team will include the transfer of roles from the existing Co-op business and a significant number of new roles that will be offered to Co-op's staff.

 Mike Kellard, CEO, AXA Wealth, said: "Our partnership with Co-operative Bank has huge benefits for Co-op's customers and is beneficial for both of our businesses. AXA Wealth is proud to be partnering with a company with such a strong history and positive reputation."

 Simon Philp, Managing Director, AXA Wealth, Bancassurance, said: "The agreement is a significant and exciting deal for AXA Bancassurance, which reinforces our reputation for having the broad capabilities to provide advice and life and savings products to retail bank customers.

 "With over 550 advisers servicing an even greater number of retail customers, AXA Bancassurance now has significant distribution capability and makes us a leading provider of investment, pension and life assurance advice in the retail banking sector."

Back to Index


Similar News to this Story

Rebuilding reserving with lessons from the front line
Several years ago, we started a project to think about what the next generation of reserving tools would look like. This ‘blue sky thinking’ kicked of
Using AI and technology to deliver FCA strategic priorities
Speech by Jessica Rusu, FCA chief data, information and intelligence officer, delivered at the AI and Digital Innovation Summit as part of City Week 2
Climate change pushing insurability to tipping point
With the costs of protection predicted to keep rising with climate risks and become increasingly unsustainable, Scott St. George examines the measures

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.