Published 6 days ago • United Kingdom • Updated 6 days ago

AJ Bell sells bespoke SIPP and SSAS arm to Investacc

Summary by City AM

AJ Bell has sold off its Platinum Self-Invested Personal Pension (SIPP) and Small Self-Administered Scheme (SSAS) arm to specialist pension provider Investacc for £18.5m. The bespoke service, designed for co-directors and partners in a business, currently has only 3,600 customers but £3.2bn of assets under administration. Offering a wider range of investment choices than the traditional AJ Bell SIPP, it even allows investors to purchase UK comme…

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northernfinancialreview.com

AJ Bell Platinum sold to InvestAcc Group – Northern Financial Review

Salford-based investment platform giant AJ Bell said it has agreed to sell its Platinum SIPP and SSAS business (AJ Bell Platinum), part of its non-platform business, to InvestAcc Group Limited for a total of up to £25 million. “The consideration will comprise £18.5 million upon completion; made up of £17.5 million in cash and £1.0 million in new InvestAcc shares, and £6.5 million of deferred consideration in cash, subject to certain conditions,”…

6 days ago

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LeapRate

AJ Bell to Sell Platinum SIPP and SSAS Business to InvestAcc Group

The firm announced the news on Thursday, saying it expects to complete the sale in the second half of 2025, with 3,600 customers and £3.2 billion in assets under administration transferring to InvestAcc. Under the agreement, AJ Bell will receive £18.5 million upon completion, comprising £17.5 million in cash and £1 million in new InvestAcc shares. A further £6.5 million in deferred cash consideration will be payable, subject to certain condition…

6 days ago

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