RBC Dexia Investor Services has won the custody contract for AXA’s new super and pensions platform, North.
RBC Dexia already provides custody services for AXA’s Summit and Generations platforms. The North platform, which also has a large number of multi-manager investment options, has the added complexity of including a form of guarantee. AXA said at the time of the North launch that the product was backed by the latest in efficient and flexibile administration, serviced online. The guarantee, against negative market performance, is possible because investors choose to lock up their funds for periods of 10, 15 or 20 years. Scott MacDonald, managing director of RBC Dexia in Australia, said his firm was looking forward to the evolution of its working relationship with AXA.
18 December 2007 00:00
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Investments
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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