AJ Bell has made changes to its charging structure including a new tier and scrapping certain SIPP-related charges, and Analyser has been updated to reflect this.
The changes, which came into effect from 1 April 2024, include:
– A new pricing tier from £500,000 to £1m, with a platform charge of 0.175%
– The charge for assets between £1.5m and £2m has been reduced from 0.1% to 0.075%
– The annual platform charge is now capped for all accounts. The previous 0.025% charge for assets over £2m in accounts valued at more than £10m has now been removed.
The platform has also made changes to costs associated with SIPP transfers and conversions.
Changes like this mark a good opportunity to do a quick refresh of your due diligence, run a pricing comparison, or see how any preferential terms your firm has secured with AJ Bell stack up against the new standard pricing.
If you haven’t already, sign up for a free trial with Analyser.
