Virgin Money has recently announced the launch of a new investment service and digital platform.
The new service, developed in partnership abrdn, forms part of the company's wider strategy to move into the investment space.
The company said that the platform, which it claims has a “simple fee structure and no hidden charges”, gives both first-time and experienced investors access to a range of investment products.
Users of the service can invest either through a stocks and shares ISA or a non-ISA investment account, with a minimum investment of £25, it explained.
“The world of investments can be complex and daunting for many people,” said Jonathan Byrne, chief executive, Virgin Money Investments. “That’s why we’ve designed our new investment service to make it easy and understandable for everyone.”
Virgin Money will offer three main investment approaches on the platform: an option that offers lower risk and "slower, steadier growth potential"; a medium-level risk option; and a higher potential and higher risk option.
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