Elevate offers third party offshore bonds

Axa Wealth has added its first external third-party tax wrappers to its Elevate platform by linking up with Isle of Man Assurance (IOMA).

The addition of two IOMA inheritance tax planning offshore bonds - the Estate Control Bond and the Estate Transfer Bond - allows advisers to utilise Elevate's investment functionality to manage client assets.

Elevate says further partnerships are expected over the coming months.

"The focus of Elevate is to enable advisers to manage their clients and their clients' money in the most efficient and effective way," says Axa Wealth marketing and product development director Martin Jennings.

"Whilst the platform has a range of fully integrated tax wrappers, we have listened to our customers and are adding access to third party tax wrappers. We will continue to explore ways to enhance the Elevate proposition."