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12.04 - 19:17
AJ Bell Investcentre cuts custody charges on its platform
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investmentweek.co.ukEffective from 1 April 2024, the platform reduced custody charges for assets above £500,000 – any assets below the threshold will continue paying 0.2% a year. For assets between £500,000 and £1m, charges will drop from 0.2% to 0.175%. Charges for assets between £1m and £15m will remain the same at 0.15%; while those between £1.5m and £2m will have charges cut from 0.1% to 0.075% and assets above £2m will pay no charges whatsoever. AJ Bell platform assets hit record £76.2bn as inflows soar 62% The platform also increased interest rates paid on cash balances. Any cash up to £10,00...
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