Wealthsimple Launches Pension Offering

Wealthsimple, a global online investment service, today introduced the Wealthsimple Pension. It is the only digital pension in the UK that provides unlimited access to investment advice from a human adviser - at no additional cost to the client.

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The Wealthsimple Pension is a self-invested personal pension (SIPP) that provides an easy and affordable way for people to save for the future by combining their pension pots in one place, alongside their other investment accounts. Wealthsimple Pension customers benefit from globally-diversified, low fee portfolios, with no minimum account size.

"Retirement is something people should look forward to, but traditionally UK pension providers haven't made it easy for people to save for their future. Fees are high, there's little flexibility and next to no support," said Toby Triebel, CEO Europe, Wealthsimple. "We're bringing the simple, human approach we're known for to pensions and giving people access to the advice and guidance they need to build a smart retirement strategy for their future."

The Wealthsimple Pension is a great option for people creating a pension pot for the first time, or for those who are looking to combine their old and current pensions. Clients benefit from having all their investments in one place, with access to a team of human advisers who can work with them to optimise their financial plans and ensure they are on track to meet their retirement goals.

At launch, the Wealthsimple Pension will have the following features and functions:

• No account minimum
• Low fees - 0.7% for under £100,000, 0.5% for over £100,000
• Globally diversified portfolio, automatic re-balancing
• Transfer fees covered
• Fund through Direct Debit or one-off payment
• Account opening takes minutes; no paperwork
• Companies can contribute to an employers Wealthsimple Pension
• Socially Responsible Investing portfolios available
• Unlimited access to human advisers

Wealthsimple makes smart investing available to everyone, regardless of age or net worth, using an incredibly simple digital platform and low fee structure. Wealthsimple is used by 100,000 people globally who have invested £2billion of their savings.

An early version of the Wealthsimple Pension was offered to clients with the account now available to all UK residents by going to wealthsimple.com.

More information on the Wealthsimple Pension can be found here.

About Wealthsimple 

Wealthsimple is a financial company that provides advice and services that are accessible, affordable, and human. Wealthsimple currently offers services in the U.S., the U.K., and Canada. The company was founded by a team of financial experts and technology entrepreneurs, and is backed by the Power Financial group of companies. Power Financial Corporation (TSX: PWF) is a diversified management and holding company that has interests, directly or indirectly, in companies in the financial services sector in Canada, the United States and Europe. To learn more, visit http://www.wealthsimple.com.

For more information:
Claire LaRocca
claire@wealthsimple.com
+44(0)7575-352-852