AJ Bell reports decline in DB transfer inflows in Q1 update

In its quarterly results published this morning (23 January), the pension provider and platform reported DB inflows of £300m in the three months ending 31 December, amounting to half of the inflows recorded during the same period a year earlier, where DB inflows stood at £600m. Chief executive Andy Bell (pictured) said the firm had expected a decline in DB transfer inflows since their peak in the 2017 financial year. He added that the firm expected the downward trend to continue. Platform customer numbers meanwhile increased by 4% during the period to 190,498 in total. Underlying plat...