Over £280bn is sitting in UK bank accounts earning no interest, according to data released today by the Bank of England.

Total advised customers for investment and SIPP platform AJ Bell rose 7% year-on-year to 177,000 in the first quarter.

Most savers and retirees should be wary of abrupt changes to their investment strategy despite global stock markets this week continuing to see-saw and millions seeing the value of their DC retirement pots fall in value.

Only a third, 33%, of active funds have outperformed passive alternatives over 10 years and just 31% of active funds outperformed passive funds in 2024.

AJ Bell has agreed to sell its Platinum SIPP and SSAS business to InvestAcc Group for £25m, with the deal expected to complete in the second half of this year.

The number of people aged 100 or over has doubled in the last 20 years while the number of 90-year-olds is steadily climbing, according to newly-published official government figures.

The number of adviser gilt purchases through AJ Bell Investventre’s gilt dealing service increased by 436% in 2024.

Platform and SIPP provider AJ Bell has reported a jump in advised customers over the past year of 8% to reach 174,000, according to a quarterly trading update issued today.

 Investment platform AJ Bell has signed up to Finio, Sprint Enterprise Technology’s integration hub, to ‘increase efficiency’.

The turmoil in the bond markets has caused annuity incomes to soar by almost 50% in the last three years, new data shows.

Four out of five financial services customers are either very concerned or somewhat concerned about tax increases being imposed by the new Labour government, according to a new survey.

Advised platform customers rose 8% for AJ Bell to pass 171,000 for the year ended 30 September (30 September 2023: 159,000).

The FCA has published new rules firms must follow when designing and operating commercial Pensions Dashboards.

The total value of ‘lost’ pension pots - pensions which have become ‘disconnected’ with their owners - increased by £4.5bn from £26.6bn to £31.1bn between 2022 and 2024, by the Pensions Policy Institute (PPI) has revealed in a new report.

Financial advisers have reported a surge in worried clients contacting them with Budget-related questions on pensions taxation and wealth management, a survey has revealed.

AJ Bell’s platform customer numbers increased by 66,000 over the past year to nearly 542,000, up almost 14%.

Investment platform AJ Bell has added Ryan Hughes and Stephen Westgate to its executive committee.

Chancellor Rachel Reeves is set to scrap plans to introduce a British ISA, according to widespread reports first circulated in the Financial Times.

The number of people expected to pay dividend tax in the 2024/25 tax year has almost doubled since 2021/22, a Freedom of Information request from AJ Bell has revealed.