AJ Bell provides self-invested personal pensions, or Sipps, to 48,000 clients. The Manchester firm also manages pension products for Barclays, Halifax and other financial institutions. Co-founder and chief executive Andy Bell credits greater public awareness for the rise in the number of people choosing to manage their pensions themselves. The firm’s stockbroking arm charges commission on each transaction it settles through the stock exchange, and in a volatile market with more transactions income has risen. Turnover increased by 46% a year, from £12.3m in 2006 to £38.5m in 2009.
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