The brand new service, referred to as Dodl by AJ Bell, will compete with the bottom price funding platforms out there, providing jargon-free entry to an Particular person Financial savings Account (ISA), Lifetime ISA, Pension and Basic Funding Account. For a monmthly payment of £1, customers will be capable of arrange common investments and consolidate current ISAs and pensions onto the platform.
Individuals will be capable of pay cash in to accounts through Apple and Google pay, in addition to debit card funds and direct debits.
Upon launch in H1 2022, Dodl will characteristic a variety of fashionable shares in UK listed corporations, with US corporations being added at a later date. As well as, there will even be a variety of ‘themed investments’ which embrace funds specializing in core areas similar to expertise, robotics, healthcare and accountable investing.
The fund vary will even encompass AJ Bell’s low-cost multi-asset funds, which cater for six completely different threat ranges together with AJ Bell’s Accountable Development fund, for individuals who wish to make investments with a accountable focus.
Andy Bell, chief government of AJ Bell, feedback: “The intuitive funding journey and streamlined funding vary will attraction notably to those who are new to investing and desire a easy approach to handle their investments.
With a low annual cost of 0.15%, no buying and selling commissions and all the primary tax environment friendly merchandise, Dodl might be amongst the most affordable and finest worth funding platforms out there.”,Manchester-based AJ Bell is to launch an app-only commission-free investing platform with an annual cost of simply 0.15%.,
