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  • James Jones-Tinsley: Guided Retirement Duty could be game changer

    During May, the Pensions Policy Institute (PPI), sponsored by The Pensions Regulator (TPR), concluded that defined contribution (DC) pension savers – including those in SIPPs, as well as in Workplace Pensions - require more guidance when choosing suitable retirement products.

  • Lisa Webster: Overcomplicated rules are a threat

    It may be more than a year since the Lifetime Allowance was formally abolished but issues are still emerging from the mess made by rushed legislation.

  • Lisa Webster: To gift or not to gift?

    Since the announcement that pensions are to be included in estates for inheritance tax (IHT) purposes the question of whether those with large pension pots should be giving some funds away has become increasingly common.

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More than 1,000 pension savers were hit every working day in 2020 by the Money Purchase Annual Allowance (MPAA), according to new analysis.

SIPP provider STM, the owner of the London & Colonial and Options SIPP businesses, has sold some of its Gibraltar-based businesses for just over £3m.

A 61-year-old man has been extradited from Spain in connection with a £13.7m pension fraud prosecution being brought by The Pensions Regulator (TPR).

AJ Bell, the SIPP and platform provider, has acquired mobile phone fintech Adalpha to increase its digital offering to financial advisers.


AJ Bell is buying the Adalpha group of companies, including Ad Alpha Solutions, for an undisclosed sum.

Adalpha is developing a mobile-focused investment platform proposition for financial advisers which allows transactions and account details to be done mostly via a mobile phone. 

AJ Bell says the Adalpha platform will only be available via financial advisers.

According to the FAQs released today: “Adalpha is currently developing a simplified platform proposition for financial advisers delivered to customers via a mobile and tablet app. In essence, advisers will be provided with the software infrastructure they need to support an entirely digital service model for clients who are suited to that form of relationship and advice process.”

Manchester-based AJ Bell says it believes that this ‘simplified proposition’ has the potential to complement the company’s existing adviser platform business, AJ Bell Investcentre. 

Adalpha’s staff will join AJ Bell.

Andy Bell, chief executive of AJ Bell, said: “Financial advisers need a variety of propositions to match a diverse range of client needs. The Adalpha team are working on a simplified, mobile focused platform service that will broaden our offering to financial advisers and help them service a wider base of clients.” 

Dave Tanner, chief executive of Adalpha, said: “Our vision has always been to develop technology that helps financial advisers service a greater number of clients. Advisers should have the choice and capability to deliver their service remotely or face-to-face. As part of AJ Bell, we will be able to further develop our mobile led services and help increase clients’ engagement with their adviser.”

AJ Bell was established in 1995 and operates in the advised and direct-to-consumer sectors via AJ Bell Investcentre (adviser) and AJ Bell Youinvest (direct-to-consumer). It offers SIPPs, ISAs and General Investment / Dealing Accounts.


Gaudi, the SIPP and platform fintech business, has launched a white-labelled pension income drawdown product that can be used by any financial brand.

Westridge SSAS has recruited three new executives a week after the purchase of James Hay’s SSAS book.

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