Virgin Money said it has launched a new investment service in partnership with Abrdn “comprising a new digital platform with a range of straightforward investment products.”
The new service gives first time and experienced investors access to a range of investment products, with a simple fee structure and no hidden charges, Virgin Money said.
Everything can be done online and via a dedicated app.
Customers can invest either through a stocks and shares ISA or a non-ISA investment account, with a minimum investment of just £25, access to their money anytime and free withdrawals.
Virgin Money said it has created a number of straightforward investment approaches, each made up of a range of funds selected to reflect customers’ approach to risk, all suitable for both new and experienced investors looking to grow their money in the longer term.
Virgin Money said: “The service has been designed with simplicity in mind to make investing easier to understand and give customers the confidence to make smart decisions when it comes to managing their money.
“The service has been developed by Virgin Money in partnership with Abrdn, bringing together Virgin Money’s brand and distribution strength with Abrdn’s expertise in investments.
“Growth in investments is a key strategic ambition for Virgin Money, and the launch of this new service, underpinned by a digital platform and a seamless customer journey, is a key component in achieving that aim.
“The new service gives first time and experienced investors access to a range of investment products, with a simple fee structure and no hidden charges.
“Everything can be done online and via a dedicated app, making managing your money as easy as possible.”
Virgin Money Investments CEO Jonathan Byrne said: “The world of investments can be complex and daunting for many people.
“That’s why we’ve designed our new investment service to make it easy and understandable for everyone.
“Whether you’re an experienced investor or are giving it a go for the first time, this new service will help to give you the confidence you need to make the most of your money.”