MAY 2021


Register with PP

Newsletter, Jobs & Event Alerts


AJ Bell launches retirement investment account for advised clients

23 January 2020

AJ Bell has launched a retirement investment account (RIA) for advised clients with pensions of around £250,000.

The provider said its new “low cost” pension will have annual fees of 0.25% for pension pots up to £500,000 and 0.20% for assets over £500,000.

It will sit alongside AJ Bell’s self-invested personal pension on the AJ Bell investcentre platform for advisers.

The different pricing structure and investment range will allow advisers to match the AJ Bell RIA and SIPP to different client segments, helping them to meet Mifid and PROD regulations, the company said.

The RIA includes tools to help advisers with investment analysis, bulk dealing, regular investments, cash management and capital gains reporting. The investment options include full access to AJ Bell’s Funds & Shares service alongside its managed portfolio service, retirement portfolio service and multi-asset funds.

However, it does not include access to access to AJ Bell’s panel of investment partners or ‘off panel’ investments, including commercial property.

Andy Bell, chief executive, AJ Bell, said: “The new Retirement Investment Account has been designed to meet demand from advisers for a low-cost platform pension with an all-in pricing structure and comprehensive investment range to suit a particular segment of clients.

“Mifid and PROD regulations have made it clearer than ever to advisers that they need to be recommending products that are demonstrably suitable for client needs.  Launching the RIA alongside our existing SIPP provides advisers with real strength in depth as they seek to meet that challenge.

“The RIA provides a combination of simple, low-cost charges, whilst not losing any of the functionality of the platform and still offering a very wide range of investment options.”

Professional Paraplanner