There is press commentary that AXA might sell some UK businesses, including wealth management, although the French conglomerate has declined to comment.

France-headquartered financial services conglomerate AXA declined to comment to this publication on media speculation that it is eyeing the disposal of UK businesses including wealth management.

A story saying that AXA had brought in advisors at Barclays and French Church Advisory Partners appeared in the Sunday Times newspaper yesterday.

AXA declined to comment to WealthBriefing.

In 2010, AXA sold the bulk of its UK life insurance business, Axa Sun Life, to UK-based Resolution, which was later renamed as Friends Life and subsequently purchased by Aviva last year.

Shares in AXA were up around 0.36 per cent today at €2.29 per share.