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Wealthify launches digital pension

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04/03/2020
Digital investment platform Wealthify has entered the retirement savings market with the launch of a self-invested personal pension (SIPP).

Pension savers will pay an annual management fee of 0.6% plus fund charges and transaction costs.

Wealthify’s team choose the investments based on the customer’s risk level, with five different styles on offer from cautious to adventurous.

All investments can be viewed in the app or online dashboard.

Investors can open an account with just £50 and there’s no minimum monthly deposit required.

Wealthify is the latest robo-adviser to enter the SIPP market, following the likes of Wealthsimple and Nutmeg.

Michelle Pearce-Burke, co-founder of Wealthify, said: “Following the success of our ISA and general investment accounts, I’m delighted to introduce the new Wealthify Pension which we believe to be the simplest and quickest to set-up digital pension in the market.

“We always aim to answer the needs of our customers, and our pension offers them an easy way to save towards their retirement and maximise the amount of money available in retirement.”

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