AXA's new corporate fund range gets adventurous

In response to demand from Corporate Benefits customers, AXA has made a number of additions to its existing fund range.

The products that will benefit from these additions are Group Personal Pension, Group Occupational Pension, Group Additional Voluntary Contribution and Trustee Transfer Plans

Eleven additional funds, mainly funds rated as ‘adventurous' as well as a Shariah fund, take the choice of funds available to over 230.

Mark Rowlands, Head of Corporate Partnerships, AXA Corporate Benefits, said, "The new funds add more depth and diversity to our carefully selected corporate benefits funds.

"While many investors in the current climate are shying from more adventurous stocks, AXA has seen a strong demand from our clients for choice and depth in this area, perhaps reflecting the longer term focus of some of our corporate pensions customers. In addition, our Muslim customers are served with the addition of the HSBC fund, which is designed to comply with Shariah Law."

Changes have also been made to AXA's existing fund ranges. Both the AXA BGI Long Term and AXA BGI Managed Consensus funds have had their fund changes reduced to 0%.

A number of funds have new names and sixty-four funds have had their sectors altered. Information on changes to existing funds can be obtained by logging onto axa.co.uk/pensions. Fund aims, types of assets held and all fund risk ratings can also be found on this site.