AJ Bell increases cash interest rates after FCA platform warning
Will also cut trading fees
Will also cut trading fees
Assets under administration (AUA) climbed 11% to £70.9bn
Three businesses folded into one brand
Gross inflows were up 38% to £1.8bn
The firm booked new business of £600m in first quarter
Customer numbers increased by 50,880 to 476,532
Net new business fell to £4.8bn from £5.5bn
Scottish Mortgage, City of London and F&C dominate platform buylists
Taking the total number of adviser platforms using the MPS to 15
As outflows rise to their highest quarterly level
Platform flows have fallen from £2.4bn to £1.2bn over one year
While AUM ticked up 2% in first half