Octopus Money to buy Virgin Money's investment arm

The deal will add 150,000 customers to Octopus Money's business. Octopus Money confirmed that transition planning is already underway, and completion will take place following receipt of the necessary regulatory approvals. When the deal officially goes through, Virgin Money's investment customers will continue to be supported by their existing teams, with no changes to its service. Following the deal's completion, the Virgin Money brand name will no longer be used, and the company will begin operating under an Octopus Money brand. Octopus Money said this acquisition is a "major ...