DB inflows halved on previous year
Total AUA nears £98bn
Inflows of £2.2bn during the quarter
Customers up 4%
Will remain cornerstone investor
'Now is not the right time'
Andy Bell has written to the Chancellor and pensions minister
Research from AJ Bell shows 97% of participants want reforms to drawdown income limits.
AJ Bell boosted its assets under administration 20% in the six months to the end of March, from £12.6bn to £15.1bn.
A straw poll of IFAonline readers is predicting the next government will spring a u-turn on all pensions changes recently announced.
Hopes that HM Treasury may soften the charges around Alternatively Secured Pensions (ASP) have been boosted by evidence included in a Treasury Select Committee report.
Ed Balls has potentially given the pensions industry hope tax charges on Alternatively Secured Pension could be reduced, claims AJ Bell Group.
Andy Bell, managing director of A J Bell, has sent an open letter to Ed Balls challenging him to rethink the changes to the alternatively secured pension rules proposed in the Pre-Budget Report.
Revenue & Customs (HMRC) has said it will offer no protection for any Self Invested Personal Pension (Sipp)borrowing agreed before A-Day where funds are drawn down after the introduction of pension simplification rules on 6 April 2006.
Survey results published by Sipp provider AJ Bell suggest buy-to-let properties in the UK will attract the most money from those intending to buy into the asset class post-A-Day.