Axa to pull out of UK life and savings
Insurer stresses UK property and casualty not affected by disposal plans.
Axa UK has agreed to sell its wrap platform business - Elevate - to Standard Life.
The move follows the 28 April announcement of the disposal of its UK offshore investment bonds business - Axa Isle of Man.
The insurer also confirmed that it is engaged in discussions for the sale of its remaining UK life and savings assets.
However it noted there was no guarantee of a transaction being achieved.
SunLife
Axa's UK life and savings business is composed of Axa Wealth and SunLife.
Axa Wealth has more
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