In a market where UK employers are continuing to review their pension arrangements, there is an increasing demand for a focus on the DC investment mandate, providing more bespoke and member-specific aligned solutions for trustees and scheme sponsors. This is reflected by the recent initiatives from the Pensions Regulator, DWP and Professional Pensions, highlighting the need for a better outcome for DC and its members. It is in this important area of the market that AXA Wealth Corporate Investment Services (CIS) delivers a compelling and unique proposition.
Our proposition allows us to deliver bespoke tailored solutions for corporate pension clients, consultants, asset managers and bundled DC providers. What we are not is an asset manager - however, as a DC solutions provider we work with leading asset managers to ensure that the best ideas can be built into bespoke funds, which are designed exactly to match the needs of pension scheme members.
AXA Wealth is able to offer complex investment solutions in a simple way to our corporate clients, delivering access to funds which can be customised according to their individual needs, be it through white labelled or blended fund structures. This allows flexible access to the full range of DC investment managers, all delivered in a single daily fund price.
Over the last 12 months we have committed significant investment to enhancing the technology that offers our clients access to complex and diverse investment solutions, through simple procedures and processes.
For example, AXA Wealth is currently the only provider in the UK to be able to build flexible and bespoke target date funds. Established in December 2010, in a joint venture with Alliance Bernstein, it allows the creation of funds based on the latest thinking, utilising a true open architecture structure.
AXA Wealth CIS is able to offer 'client and advisor defined' blended funds, from any number of asset managers, with different strategies that are both passive and active. The benefit to the client is that it allows more complexity and diversification of investment solution, whilst making the solution simpler with the components created in a single fund, delivering a single daily unit price for the member to the scheme administrator.
AXA Wealth's corporate investment services platform embraces cutting edge technology, but at its core is about giving members, trustees and corporate advisers a great service. They can expect a truly bespoke investment experience, one which is exactly tailored to their needs and makes AXA Wealth's scheme a versatile alternative to others in the market.
Working with trustees and their advisers, we help clients provide information that is both relevant and timely to all stakeholders. Our innovative approach to reporting, communications and micro-sites has enabled our clients to get the exact information that they need, exactly when they want it.
With a history stretching back to the 18th century, AXA is better prepared for the future than ever before. Following the disposal of its traditional life and pensions, protection and group pensions business, AXA UK now has a clear focus on three key areas of growth:
Our headquarters are in London, with several other offices across the UK. In total, we employ around 12,000 people in the UK and Ireland and have approximately 16 million UK customers. Together with our operating companies, AXA Wealth, AXA Commercial, AXA Personal Lines, AXA PPP healthcare, AXA Ireland and independent distribution business Bluefin, we're part of the AXA Group, a worldwide leader in financial protection.
AXA Group employs 214,000 employees and distributors worldwide and has major operations in Europe, North America and the Asia/Pacific area. 95 million clients worldwide have placed their trust in AXA to insure their property (cars, homes, belongings); provide health and personal protection for their families or employees; and to manage their personal or corporate assets.
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