AJ Bell could pass FSCS buck to investors

Previously AJ Bell had absorbed the cost of regulatory levies, but the provider said it must make the change to keep the cost of its products down. The revised T&Cs, dated 12 April 2011, now read: "We reserve the right to make an additional charge if we are required to pay a levy, or interim levy, under the FSCS or the FSA." AJ Bell said the cost of levies would be split proportionately across all SIPP cash accounts it holds and it would give investors 30 days' notice of the charge. The provider also said it would pass on any FSCS refunds on the same basis. Its decision has been ta...