Axa Wealth is beginning a series of changes to the Elevate platform in preparation for the new pension rules to be introduced in April 2015.
David Thompson, managing director, said: “The 2014 Budget was a seismic quake, where the industry was required to step up to provide access to the new freedoms and flexibilities that were introduced. Elevate has met this challenge by enhancing our pension proposition and reviewing our charging structures.”
He added: “We are also set to launch a new flexible drawdown service in time for the pension changes coming into force in April 2015.”
Mr Thompson described the flexible drawdown options as an “extension of the online income options we already provide through Elevate Pension Investment Account”.
He said the aim of the platform was is to ensure that income is drawn in “the most tax-efficient way possible”, by offering choices to advisers about how to make withdrawals for clients.
