Platform and SIPP provider AJ Bell saw £1.9bn in outflows in its quarter ending 31 March despite customer numbers topping 500,000 for the first time, it reported today.

AJ Bell’s adviser platform Investcentre has axed or cut several custody charges on its platform and is increasing the amount of interest paid on clients’ cash.

HMRC has said that it intends to issue a second set of regulations changing the legislation governing the lifetime allowance abolition.

The FCA’s thematic review - which investigated how firms were providing retirement income advice - has demonstrated the value of a good Financial Planner, according to financial professionals.