AXA Wealth’s investment management platform AXA Elevate has annulled the 0.25 per cent fund-switch charge on its bundled pricing structure - the fund “supermarket style” offering which combines the cost of platform and investments. 

The removal of the switch charge - which applies to both new and existing customers - makes investing “more straightforward and cost effective,” David Thompson, AXA Wealth managing director of marketing and distribution said in a statement.

“As clients’ needs change, they can be easily moved to Elevate’s ‘explicit’ (unbundled) charging structure,” the firm said. “This option offers a more holistic solution, with access to discretionary fund managers, third-party links, stockbroking and a broader fund range.”