Moneysupermarket launches investment platform with 0.34% fee

Corporate ActionIndustry
โดย Private Banker International·Read original
Summary · why it matters

Moneysupermarket is introducing an investment platform that lets users open accounts and trade mutual funds and exchange traded funds. The move pits parent company Mony Group against major UK platforms such as Hargreaves Lansdown, AJ Bell, and Interactive Investor. At launch, the platform will offer 40 mutual funds and ETFs, including Vanguard LifeStrategy products, S&P 500 tracker funds, and AI and robotics ETFs, with a platform fee of 0.34% and no dealing charges. Investments can be held in a stocks-and-shares Isa or a general investment account. CEO Peter Duffy said 70 per cent of UK adults do not invest and that the expansion is the next logical step to help customers, following the introduction of a savings platform in February.

Impact on stocks 2

Consumer Discretionary▲ · 1 stocks
MONY Group plc
MONY
▲ PositiveTechnologyrelevance

MONY Group launches its own investment platform, expanding its product offering.

Digital Finance & Tokenization▼ · 1 stocks
AJ Bell plc
AJB
▼ NegativeCompetitionrelevance

Moneysupermarket's new low-fee platform directly competes with AJ Bell's platform.

Theme Impact 1

Off-coverage companies 3

Hargreaves LansdownPrivate▼ Negative
Competitionrelevance

Moneysupermarket's low-fee platform competes with Hargreaves Lansdown's platform.

Interactive InvestorPrivate▼ Negative
Competitionrelevance

Moneysupermarket's new platform competes with Interactive Investor's platform.

The Vanguard Group, Inc.Private± Mixed
relevance

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