Wednesday 17 June 2015
AXA Life Invest launches new Trustee Investment Plan, providing UK
savers with a plan that protects and grows
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Secure Advantage+ Trustee Investment Plan (TIP) offers the full flexibility of the pension
reforms, while offering funds which reduce the effect of extreme market volatility
These Global Strategy Funds are designed for savers with a range of different risk
profiles
AXA Life Invest has launched its Secure Advantage+ Trustee Investment Plan (TIP), one of the first
of a new generation of products which can react to changing market headwinds, changing the
funds’ exposure to risky assets depending on volatility levels. Offering the full flexibility of the
pension freedoms, the plan allows people who are already saving into a pension to reduce the
effect of extreme market volatility on their pension pot.
For those who choose to add on the Lifetime Income Benefit, the plan provides a retirement
income which is guaranteed to cover essential costs in retirement, such as bills and food. This
creates a guaranteed stream of income back into the pension scheme. This income is guaranteed
for life as long as no additional withdrawals are taken from the Plan and has the potential to grow
over time. With the potential to increase the amount of income thanks to the fund performance,
savers can boost their future income and benefit from any increase in the markets.
Simon Smallcombe, Managing Director of AXA Life Invest UK, said:
“The Government’s reforms have given retirees far greater freedoms than ever before. But
pension savers tell us they still want retirement confidence: knowledge that income will always be
there to cover essential expenses such as gas bills and food. AXA Life Invest has listened to its
customers and brought to market a product which protects pensioners’ income, while giving them
flexibility to change their mind.
“Our plan offers the full spirit of the pension freedoms, allowing savers the flexibility and choice
to turn guarantees on and off and change their investment strategy as their circumstances
change.”
Andy Zanelli, Head of Retirement Planning at AXA Wealth, said:
“When it comes to investing in retirement, volatility is one of the four big risks people face. With limited
opportunity to top up your pension, people are looking for a mix of investments that can protect their
pension fund from potentially negative short-term market changes. By offering our advisers and their
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clients access to this TIP, with access to the AllianceBernstein funds, through our pension products we
can help savers to mitigate the impact of market volatility.
“Retirement is about doing more of the things you want to and holistic financial planning should help
clients achieve this. Our research has told us that even with the new pension freedoms people are still
looking for some level of financial security in retirement such as guaranteed income. So if someone has
the option to invest in a TIP, it’s good that they have the opportunity to separate out some of their
pension to create a secure income to cover the essentials such as housing or food.”
Investment strength
AXA Life Invest’s Global Strategy funds are professionally managed by AllianceBernstein, one of the most
respected investment management firms in the world. The funds use well-researched risk management
techniques to ensure exposure levels to volatility are reduced. They are managed within specific
tolerance levels to offer smoother, more consistent returns over time, decreasing the effect of market
falls, while ensuring they don’t miss out on the upside and giving pension savers increased peace of
mind.
Patrick Rudden, Managing Director, Multi-Assets and Alternatives at AllianceBernstein, said:
“With the SecureAdvantage+ TIP, we are giving UK savers access to this highly sophisticated
investment and risk management strategy, which before now could only be accessed by leading
institutional pension funds. We use sophisticated risk management techniques to ensure that
savers are never exposed to more volatility than they want, reacting quickly to changing market
conditions to adjust clients’ portfolios accordingly.”
-ENDS-
Enquiries
Alexander Burley, H+K Strategies, 0207 973 5925
Alexander.Burley@hkstrategies.com
AXA@hkstrategies.com
About the SecureAdvantage+ TIP
The Trustee investment Plan can be taken as an investment, either with or without a Lifetime
Income Benefit, which offers a minimum guaranteed income in retirement. The TIP can be taken
out by a trustee of a trust based Registered Pension Scheme that is registered in the UK and the
plan holder must have a minimum investment of £25,000. The TIP can be taken as part of a SelfInvested Pension Plan (SIPP) or a Small Self-Administered Scheme (SSAS).
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About AXA Life Invest
AXA Life Europe Limited, trading as AXA Life Invest, is a fully-owned subsidiary of the AXA Group.
Established in 2006, the company manufactures unit-linked guaranteed investment products for sale in
the UK, France and other European markets. AXA Life Europe is headquartered in Dublin, Ireland and is
authorised by the Central Bank of Ireland. In France, AXA Life Invest provides a range of unit-linked
guaranteed investment products under the Secure AdvantageTM brand and has been operating on a
cross-border basis in the UK since 2010.
The Secure AdvantageTM range of plans is underwritten by AXA Life Europe Limited, trading as AXA Life
Invest. Clients must be aged between 18 and 80 and have a minimum of £25,000 to invest in a Secure
Advantage+ Pension Plan. They must be aged 55 to start taking an income from the Plan.
AXA Life Europe Limited, trading as AXA Life Invest is authorised by the Central Bank of Ireland. Head
Office: 3rd Floor, Guild House, Guild Street, Dublin 1, Ireland (No. 410727). Registered in Ireland under
number 410727. Member of the AXA Group.
AXA Wealth
AXA Wealth, Winterthur Way, Basingstoke RG21 6SZ. Telephone number: 01256 470707. As part of our
commitment to quality service and security, telephone calls may be recorded.
AXA Wealth includes the following companies: Architas Multi-Manager Limited (No. 06458717), AXA
Portfolio Services Limited (No. 01128611), AXA Wealth Services Limited (No. 02238458) and AXA Wealth
Limited (No. 01225468). All of these companies are registered in England and limited by shares. Their
registered office is 5 Old Broad Street, London EC2N 1AD.
Architas Multi-Manager Limited, AXA Portfolio Services Limited and AXA Wealth Services Limited are
authorised and regulated by the Financial Conduct Authority. AXA Wealth Limited is authorised by the
Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority. Each company promotes and distributes its own products. AXA Wealth Services
Limited also promotes and distributes the products of AXA Isle of Man Limited and certain AXA Life
Europe Limited products in the United Kingdom. Details of the companies offering specific products are
shown in the product literature.
About AXA
The AXA Group is a worldwide leader in insurance and asset management, with 161,000 employees
serving 103 million clients in 59 countries. In 2014, IFRS revenues amounted to Euro 92.0 billion and IFRS
underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of
December 31, 2014. In 2014 Interbrand ranked AXA the 1st insurance brand worldwide for the 6th
consecutive year.
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In the UK AXA operates through a number of business units including: AXA Wealth, AXA Commercial
Lines and Personal Intermediary, AXA Personal Direct and Partnerships, AXA PPP healthcare, AXA Ireland
and an independent distribution business Bluefin. AXA employs over 10,500 staff in the UK.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR
0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted
on the OTC QX platform under the ticker symbol AXAHY.
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