The Axa Secure Advantage range comprises two guaranteed products and is the first new offering from the recently combined Axa Wealth business. The products are available within three tax wrappers – Retirement Solution (personal pension), Trustee Investment Plan and Offshore Investment Plan.
The Protected Capital product provides a minimum guaranteed capital amount equal to the initial investment at the end of 10 years, as long as no transfers out are made, with the option to annually lock in any growth from the underlying investments. Meanwhile, the Lifetime Income products provide a guaranteed minimum income for life based on the customer’s age when income begins.
Axa said it initially piloted the scheme with IFAs to understand what was needed for the products to be successful.
“The Secure Advantage range shows how AXA is using its global experience to bring new offers to advisers with a selection of products suited to today’s investors,” said Tom Wilkinson, director of strategy and business development, AXA Wealth.” The feedback from the pilot has demonstrated that the certainty of income or capital, from a well known brand like AXA, is welcomed in the UK market, particularly in today’s uncertain environment.”
