View more on these topics

AJ Bell to add auto-disinvestment function


AJ Bell is making technical changes to its platform that will allow advisers to disinvest assets automatically.

Following the RDR most platforms enabled auto-disinvestment to allow advisers to take charges from cash accounts. But AJ Bell did not make the changes necessary, a policy it said was in line with other providers that had roots in the Sipp market.

Now the firm says it will introduce the function as part of a broader update due in the next six months. Advisers will be able to create, manage and delete regular disinvestment instructions on assets held on the Funds and Shares service and create instructions over a range of frequencies that include monthly, quarterly, six monthly or annually.

A J Bell marketing director Billy Mackay says: “Our platform has been developed with many of the key aspects of the online Sipp market at its core. Online cash management has been central to this. We are constantly seeking views on how to continue to build on this and further enhance the tools and functionality.”

Chadney Bulgin paraplanning manager Martin Green says the lack of auto-disinvestment led to his firm taking A J Bell off its preferred provider list and remains unconvinced. “I’ve heard that excuse so many times, it’s hard to believe. However, a bit like interest rates, if you keep saying they will go up, eventually you will be right.”



World ill-equipped to defend itself from the next crash, warns BIS

When the next financial crash arrives the world will be ill-equipped to fight its advance, the Bank of International Settlements has warned. In its annual report, the trade body for global central banks warns the armoury of central banks has all but dried up as a result of their aggressive strategy of slashing interest rates […]


Markets fall as Greek debt crisis escalates

Banks in Greece will be shut all week following the European Central Bank’s decision not to extend emergency funding. The BBC reports as Greece failed to reach a deal with its creditors over the weekend the euro has fallen, down from $1.1165 on Friday to below $1.10 at its lowest point over the last two […]


Martin Tilley: Property needs a definitive home in Sipps

The FCA intervention in the Sipp marketplace over the last 12 months has been well documented, as have forecasts the impact of the thematic review and capital adequacy amendments would lead to mass consolidation within the industry. In practice, however, this has not been the case. While there have been some notable transactions, consolidation has […]


Greek PM Tsipras seeks new bailout deal as repayment deadline looms

Greek prime minister Alexis Tsipras has asked eurozone authorities for a new bailout as the country’s current bailout programme expires today. Without a new agreement Greece could lose more than €15bn (£11bn). The new request from Tsipras, which was sent to the eurozone’s €500bn rescue fund today, would cover Greece’s needs for the next two years, according […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm