AJ Bell has reduced charges on its Ready-made pension product, lowering the all-in fee from 0.45% to 0.35% for both new and existing customers. The reduction, which covers administration and investment charges with no additional transaction fees, positions the product among the lowest-cost options available to do-it-yourself pension investors, according to independent analysis from Boring Money.
- New fee: 0.35% all-in charge
- Previous fee: 0.45%
- Launch date: 2024
- Key feature: Free pension finding and consolidation service using National Insurance number
The Ready-made pension helps customers locate lost pension pots and consolidate multiple accounts into a single online account. Boring Money‘s September 2026 analysis found the product costs less than half as much as comparable offerings from mainstream providers, making consolidation more affordable for savers seeking to simplify retirement management.
Many people have accumulated several pension pots over the course of their career and it can be surprisingly easy to lose track of them. Keeping on top of multiple accounts often leaves people unsure whether their savings are working as hard as they could be. Keeping charges low is absolutely crucial for retirement savers because every pound saved in fees remains invested for the future. This charge cut demonstrates our long-term commitment to reducing costs as we grow and helping customers get more from their retirement savings.
– Shaun Yates, D2C Managing Director, AJ Bell
The fee reduction forms part of AJ Bell‘s strategy to pass cost savings to customers as the business scales. The company operates an online platform enabling customers to find, consolidate, and manage pensions in one location, reducing the complexity often associated with multiple retirement accounts.
