AJ Bell launches ready-made pension service. Is it any good?

AJ Bell has launched a “low-cost, hassle-free” ready-made pension service. How does it compare to others on the market?

Pink ceramic piggy bank pattern on the left side on yellow background.
(Image credit: DBenitostock via Getty Images)

AJ Bell is the latest provider to launch a ready-made pension service, which aims to simplify the process of saving for retirement. 

The investment platform describes the new service as “low cost” and “hassle-free”, allowing savers to contribute new retirement savings and combine existing pension pots

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Swipe to scroll horizontally
ProviderInvestment management feeAccount feeTransaction fee
AJ Bell0.45% all-in flat fee (0.60% for sustainable funds)No feeNo fee
Lloyds BankUp to 0.24%0.30% or £5 a month0.14%
PensionBeeBetween 0.50% and 0.95% depending on the plan. The fee on savings over £100,000 is halved.No fee0.04%
Wealthify0.60%0.16% for original plans and 0.70% for ethical plans.No fee
NutmegBetween 0.45% and 0.75% on the first £100k, depending on the fund. Between 0.25% and 0.35% on savings above £100k. No feeNo fee
Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.