AJ Bell cuts platform fees in bid to enhance competitiveness

Includes changes to the platform's annual custody charges

Isabel Baxter
clock • 2 min read

AJ Bell has removed or reduced a number of charges on its platform AJ Bell Investcentre.

This includes changes to the platform's annual custody charges. At the same time, AJ Bell Investcentre is also increasing the interest paid on cash held by clients. As part of its annual custody charges (shown in the table below), a new tier from £0.5m to £1m is being introduced with a lower annual charge of 0.175% (currently 0.20%) and the charge is now capped for all accounts with assets over £2m. Meanwhile, the annual charge for assets between £1.5m and £2m is being reduced to 0.075% (currently 0.10%). Charge tier Current charges Charges from 1 April 2024 ...

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