AJ Bell announces launch date for revamped Sippcentre

AJ Bell has announced a launch date for its upgraded Sippcentre platform, which will include a low cost investment ISA and dealing account.

The new offering, which will be launched in 11 July, has no establishment or annual administration/platform charges for either the investment ISA or dealing account.

There are also no charges for transfers in to either the ISA or dealing account.

Investors in the SIPP, investment ISA and dealing account have access to 1,900 core funds with no initial, dealing or switch charges.

Those taking advantage of the Sippcentre advisory option can also access 4,000 funds, UK and overseas shares as well as ETFs and ETCs.

Dealing/switch charges for these are £9.95 for online transactions and £29.95 for telephone transactions.

There are no changes to SIPP charges.

Billy Mackay, marketing director of A J Bell says: "The addition of the investment ISA and dealing account to Sippcentre will enable us to take our pricing philosophy and proposition to a wider audience across the platform sector.

SIPP will remain at the core of what we do but these new products are complementary to, and share many of the attractive features of, our SIPP."

AJ Bell said in December last year it was working with Australian technology provider GBST to extend the administrative functionality of Sippcentre.