AXA UK confirms plans to offload Wealth arm after selling Elevate to Standard Life

AXA Elevate acquired by Standard Life

Anna Fedorova
clock • 3 min read

AXA UK has confirmed it is in discussions to sell off its remaining UK life and savings businesses, including AXA Wealth, after Standard Life announced it had acquired the AXA Elevate platform.

The firm said it is in discussions for the sale of its direct protection business SunLife and its traditional (non-platform) investment and pension business. In a statement, the group said: "There is no certainty that these discussions will result in a further transaction being signed or, if signed, that the transaction will ultimately be completed. "If agreed, these transactions would be subject to a number of conditions, including the receipt of regulatory approvals." The UK life and savings business is composed of AXA Wealth and SunLife, and the firm said Architas is not include...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot