How will AJ Bell hold my money?
Updated 2 weeks ago
As a firm authorised and regulated by the Financial Conduct Authority, AJ Bell will hold your money as client money in accordance with regulatory rules. This means, like Zopa, they will hold your funds in a client money account separate from their own cash. These cash balances will also be protected under the Financial Services Compensation Scheme (FSCS) up to £85,000.
If you are transferring an ISA to AJ Bell, AJ Bell is also an ISA manager and will hold your cash within a Stocks and Shares ISA wrapper and you will continue to enjoy the same tax benefits as you had with your Zopa Innovative Finance ISA.
Was this helpful?