AXA UK has confirmed it is in discussions to sell off its remaining UK life and savings businesses, including AXA Wealth, after Standard Life announced it had acquired the AXA Elevate platform.
The firm said it is in discussions for the sale of its direct protection business SunLife and its traditional (non-platform) investment and pension business. In a statement, the group said: "There is no certainty that these discussions will result in a further transaction being signed or, if signed, that the transaction will ultimately be completed. "If agreed, these transactions would be subject to a number of conditions, including the receipt of regulatory approvals." The UK life and savings business is composed of AXA Wealth and SunLife, and the firm said Architas is not include...
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