Highlights for Digital Investment this week
- Standard Life has said it is exploring robo-advice tools as part of its plans to expand the Elevate platform.
- P2P Global Investments, the UK’s first peer-to-peer loan fund, is to review its investment manager. Currently, the fund is managed by MW Eaglewood Europe
- WealthDunk has launched a comparison website for robo-investment services. The comparison site provides details from all of the UK’s major online investment managers, including Nutmeg, Wealthily, and MoneyFarm
- Coutts has launched an online investment service via an execution only platform. The new service called ‘Coutts Invest’ offers investors five passive risk-rated portfolios and allows users to invest with an initial lump sum from £500, and regular contributions from £50
- Nutmeg has reported that it has acquired 10,000 new customers in the last six months, bringing its total number of customers to 30,000
- Moneybox has launched a Junior ISA app, which allows parents to round up everyday purchases to the nearest £1 and to invest the change. Moneybox says that if two parents set aside £12 a week for 18 years, the stocks and shares ISA will have returned more than £20,000 by the time their child reaches adulthood
- Yielders, an equity-based crowdfunding platform for UK property investment, has claimed it is the first shariah-compliant fintech to be given regulatory approval in the UK