AJ Bell scraps charges on bulks and models trades and junior SIPPs

The firm said scrapping the dealing charge would affect advisers running centralised investment propositions and would also apply to the platform's risk-targeted managed portfolio service (MPS). AJ Bell Investcentre marketing director Billy Mackay said the removal of the £1 dealing charge was a "simple but important change that will be welcomed by many advisers and clients using the platform". By removing the establishment fee for junior SIPPs, AJ Bell said clients would save £120 plus VAT, while the abolition of the annual administration charge on junior SIPPs would save clients up t...