AJ Bell reports further decline in DB transfer inflows in Q3 update

In its quarterly results, published on Thursday (25 July), AJ Bell reported DB transfer inflows of £200m in the three months ending 30 June 2019, half of the £400m reported during the equivalent quarter last year. In Q1 2019 - when DB inflows to the provider stood at £300m - AJ Bell chief executive officer Andy Bell (pictured) said the platform expected a decline in DB transfer inflows since their peak in the 2017 financial year. Despite the DB flows decrease, the the company's platform customer numbers - it has both an advised and D2C platform - increased by almost 10,000 to 210,765....