Close Brothers: How the motor finance scandal reshaped one of ‘Europe’s least cost-efficient lenders’
Pension transfer scam crackdown risks delaying thousands of transfers May 14, 2021 The government tabled proposals to tackle pension scheme fraud today, but it could risk blocking or delaying thousands of legitimate transfers, AJ Bell’s chief executive has warned. The plans outlined by the Department for Work and Pensions (DWP) could push providers to ask people transferring to a pension scheme not on the government-approved ‘safe destination’ [...]
Baroness Helena Morrissey quits St James’s Place to become AJ Bell chair March 16, 2021 Baroness Helena Morrissey has stood down from her role on St James’s Place’s board to become chair of investment platform AJ Bell. Baroness Morrissey will succeed Les Platts as AJ Bell’s chair at the company’s next annual meeting in January 2022. In the meantime, she join the board as chair designate in July 2021. Baroness [...]
Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ December 3, 2020 As the Bank of England mulls the introduction of negative interest rates AJ Bell’s chief executive has told City A.M. customers will suffer as a result. The central bank has already slashed interest rates to a record low of 0.1 per cent to support lending through the pandemic. “We’ve discussed how we’d deal and cope [...]
AJ Bell assets reach £56.5bn as new customers flock to platform October 22, 2020 AJ Bell’s (AJB) total assets under management rose to over £56bn as customers flocked to its broer platform amid the continued market volatility. In a trading update, the investment platform said total AUM had increased eight per cent to £56.6bn, up from £54.3bn at the end of June and £52.3bn in September 2019. The rise [...]