Standard Life buying AXA Elevate

Good or bad in people's opinions? I'm currently firmly in the 'bad' camp but am willing to be swayed by good arguments (sounds like  brexit vote all over again)

Late to the party but looking to launch a new platform due diligence tool and consultancy business later this year - watch this space and feel free to message if you would like any initial info.

Comments

  • I've not made my mind up. Depends what SL have in mind. This is quite a good piece on the subject though.

    http://www.finalytiq.co.uk/flogged-axa-bows-platform-market-now/
    Chartered Financial Planner FPFS MCSI APP
    Head of Technical at EQ Investors

    Twitter: https://twitter.com/danatkinsonuk
    Instagram: https://www.instagram.com/danatkinsonuk/
  • Hi Dan, that is a helpful article and I always respect what Abraham has to say, though I was always taught to be sceptical and question everything, and I still very much do!

    I'm biased as I'm not a fan of SL WRAP which certainly doesn't help my view of the situation, but it just feels like there are all manner of issues that could result in bad outcomes for clients.

    Obviously it won't go through until probably Q4 later this year so there is time to sit back and take a view on it (again a bit like Brexit!) As this is the first time I can remember such an event happening, and there were plenty of people predicting it would, I hope it brings about some good debate among our community.

    Late to the party but looking to launch a new platform due diligence tool and consultancy business later this year - watch this space and feel free to message if you would like any initial info.

  • Its not really an issue for us a a business as we don't use either platform.

    We have taken on one client with assets on AXA Elevate so we'll (I will) have to decide what to do for them.

    Consolidation within the platform arena is badly needed. Perhaps this will mark the turning point and we will begin to see more mergers and/or acquisitions. I'm not concerned that one of the big players was unable to make their platform profitable; they don't deserve success just by throwing money at it.


Sign In or Register to comment.