AJ Bell
AJ Bell to open platform to third party DFMs in H2 2020
It will provide tax wrapper, custody, dealing and settlement services
Younger savers very vulnerable to pension scams
Double whammy of high fees and HMRC unauthorised payment charge could leave retirement in tatters
HMRC pays back record £166m in pension freedoms tax
‘Whole system is complex and there is a clear need to review how it works’
Covid-19 pushes over 10% of UK retirees to access pension pots
As more than one million people have been furloughed
Platform sets quarterly record for customers as assets drop 12%
Firm’s CEO is donating April, May and June wages to its Covid fund