Quarterly figures released today show an increase in sales from £488m in Q3 2012 to £572m during the last quarter.
Axa Wealth International managing director Mike Foy said: “2013 is proving to be a more progressive year for the offshore market and the financial services industry more broadly.
“As providers and advisers alike adjust to the new regulatory landscape and a slow economic recovery, we have seen some investor confidence starting to return.”
The sales figures helped push Axa Wealth International’s funds under management up 9% from £8.1bn to £8.8bn, at the end of Q3 2013 compared to the same time last year.
Foy added the business has also seen sales of offshore bonds on platforms increasing, particularly at lower premium levels “as advisers and investors seek greater asset diversity and efficient tax management”.
The wider Axa Wealth dvision of Axa meanwhile, reported an 18% increase in overall assets from £20.8bn to £24.6bn over the same period.
Last week International Adviser revealed Axa’s launch of a new single premium offshore bond which it claimed as “one of the most significant new product developments” in the UK offshore market for several years.
