AJ Bell introduces capped annual charge on revamped D2C platform

clock

AJ Bell has introduced a capped annual charge on its new-look D2C platform Youinvest as it unveils its pricing strategy for 2014.

Youinvest - formerly known as Sippdeal - now has a fund charge of 0.2%, capped at £50 per quarter for consumers. The pricing compares to its current rate of £12.50 per quarter. While AJ Bell's adviser platform SIPP Centre also has a 0.2% annual custody charge, this rate is not capped, and AJ Bell said it has no plans to introduce any such change. Marketing director Billy Mackay (pictured) said: "The products are very different, the underlying investor ranges are very different, and the tools are very different between the two platforms. "We are providing a service for a different m...

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 Wrap/platforms

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read