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

AJ Bell platform adds Quilter and Quilter Cheviot MPS offerings

AJ Bell platform adds Quilter and Quilter Cheviot MPS offerings

Brings ‘further choice’, says product director

Jen Frost
clock 15 April 2025 • 2 min read
What's keeping platforms up at night?

What's keeping platforms up at night?

'You're not out of the woods yet, platforms'

Justin Cash
clock 07 April 2025 • 4 min read
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