Axa completes sale of UK life business
Axa UK has confirmed the sale of the majority of its life business to Resolution for £2.75bn but has stressed that it has no plans to pull out of the UK wholesale.
Axa UK said it would retain and invest in Axa Wealth to “achieve a leadership position for its wealth management business comprising its wrap platform (‘Elevate’), Architas Multi-Manager, Axa Wealth International and the Axa Winterthur pensions operations as well as its bancassurance business, the Sun Life Direct business and Bluefin Advisory Services”.
The insurer stressed that its other UK businesses – general insurance, healthcare and Bluefin - were not part of the sale and will continue with
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