AJ Bell founder Andy Bell is to step down from the investment platform’s board following discussions with the Financial Conduct Authority (FCA).

SIPP provider and investment platform AJ Bell has appointed deputy CEO Michael Summersgill to succeed founder Andy Bell as CEO from 1 October, subject to regulatory approval.

Platform and SIPP provider AJ Bell has reported total customer numbers rose 21% over the past year and 5% in the past quarter to 418,309, according to its Q2 trading update.

Platform and SIPP provider AJ Bell has promoted CFO Michael Summersgill to the newly-created role of deputy chief executive officer.

Andy Bell, CEO of platform and SIPP firm AJ Bell, has warned that proposed new anti-scam rules on pension transfers risk undermining thousands of legitimate transfers.

Platform and SIPP provider AJ Bell has added the Aquis Stock Exchange (AQSE) to its online trading platform to expand the investment choices available for clients.

Platform and SIPP operator AJ Bell is to open its adviser platform to selected DFM funds from the second half of 2020, it revealed in its six month interim results out this week.

Platform and SIPP provider AJ Bell has reported client numbers up 22% to 262,179 over the past 12 months.

Andy Bell, chief executive of platform and SIPP provider AJ Bell, has welcomed news that the rules on 10% ‘investment drop’ letters will be relaxed for six months.

SIPP and platform provider AJ Bell has launched its Retirement Investment Account (RIA) today - a new low-cost pension with a ‘streamlined’ investment proposition.