Wealthsimple launches digital pension offering in UK

Fees from 0.5% to 0.7%

Sophie King
clock • 1 min read

Wealthsimple has launched what it has claimed to be the only digital pension in the UK to provide unlimited access to investment advice from a human adviser, with no additional cost to the client.

The Wealthsimple Pension is a self-invested personal pension (SIPP), which the global online investment service said would provide "an easy and affordable way for people to save for the future" by bringing their pension pots together in one place alongside other investment accounts. According to Wealthsimple, customers would benefit from globally-diversified, low-fee portfolios, with no minimum account size, as well as a globally diversified portfolio, low fees and "unlimited access to human advisers". The service will charge 0.7% for portfolios under £100,000 and 0.5% for portfolios ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read