Advisers will be able to quote for business to be written on the platform from this month, with schemes able to go live on Embassy from January 2008. Axa bought Winterthur over a year ago and has so far left the company to transact individual business for high net worth clients. Group and mass market individual business is being handled under the Axa brand.
Axa says that it intends to produce a market-leading group pensions proposition using the Embassy platform, for both bundled and semi-bundled propositions.
Mark Rowlands, corporate benefits marketing development director, Axa Life says: “The Embassy administration was expressly built for corporate pensions so it makes sense to transact Axa business through it in the future. The Embassy scheme gives us the ability to offer semi-bundled products such as GPPs and also semi-bundled solutions for trustees.”
Tom Claridge, director of group administration at Johnson Fleming says: “We haven’t seen the system operating yet but any system that improves the way advisers can get quotes online has to be a good thing.”