From MoneyWeek · · 1m
AJ Bell cuts pension fee to 0.35%
AJ Bell slashes ready-made pension fee to 0.35% for hands-off investors.
In brief
AJ Bell slashes ready-made pension fee to 0.35% for hands-off investors. AJ Bell reduced its ready-made personal pension annual fee from 0.45% to 0.35% for investors with no transaction fees. Originally reported by MoneyWeek.
AJ Bell fee cut
AJ Bell reduced its ready-made personal pension annual fee from 0.45% to 0.35% for hands-off investors.
All-in fee structure
The 0.35% fee covers administration and investment charges with no transaction fees for investors.
Market comparison
For portfolios under £20,000, AJ Bell's fee is the lowest among major providers including Aviva, Fidelity, and Hargreaves Lansdown.
Fee competitiveness
At £50,000, interactive investor's managed pension is cheaper annually than AJ Bell's ready-made pension.
Portfolio size impact
For portfolios over £300,000, AJ Bell's ready-made pension is more expensive than Monzo and PensionBee products.
Pension consolidation
AJ Bell offers a free service to consolidate multiple pension pots into one account.
Consolidation benefits
Consolidating pension pots simplifies tracking investments and reduces fees while improving performance visibility.
The big picture
AJ Bell reduced its ready-made personal pension annual fee from 0.45% to 0.35% for investors with no transaction fees.
