DB transfer business continues to fall for AJ Bell

In the three months ending 31 March 2019, DB pension inflows to the business stood at £200m, compared to £500m for the same period one year ago. Last month the firm said DB transfer activity had "passed the peak point" after the market dropped some 20% in six months.  Despite the decline in DB business, total AJ Bell customer numbers increased 5% in the three months to 214,853, while total assets under administration (AUA) increased 8% to £47.7bn. The firm's growth during the period was primarily driven by the platform business, with platform customer numbers increasing by 10,424 -...