AJ Bell cuts platform fees in bid to enhance competitiveness

Includes changes to the platform's annual custody charges

Isabel Baxter
clock • 2 min read

AJ Bell has removed or reduced a number of charges on its platform AJ Bell Investcentre.

This includes changes to the platform's annual custody charges. At the same time, AJ Bell Investcentre is also increasing the interest paid on cash held by clients. As part of its annual custody charges (shown in the table below), a new tier from £0.5m to £1m is being introduced with a lower annual charge of 0.175% (currently 0.20%) and the charge is now capped for all accounts with assets over £2m. Meanwhile, the annual charge for assets between £1.5m and £2m is being reduced to 0.075% (currently 0.10%). Charge tier Current charges Charges from 1 April 2024 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Schroders UK Platform Awards 2025: Entries are now open!

Schroders UK Platform Awards 2025: Entries are now open!

Celebrating the best of platforms and tech

Professional Adviser
clock 17 March 2025 • 2 min read
Adviser platforms post best quarter of the year for net flows

Adviser platforms post best quarter of the year for net flows

Top five adviser platforms accounted for 129% of annual net flows

Isabel Baxter
clock 27 February 2025 • 2 min read
Nucleus updates platform to support advisers with pension calculations

Nucleus updates platform to support advisers with pension calculations

Aims to help advisers keep up to date with complex changes

Isabel Baxter
clock 14 February 2025 • 2 min read