Exclusive: Moneybox offers its own equity for pension transfers

By Daniel Lanyon on 21st October 2019

Robo-Advice

The digital wealth management platform has expanded its product range in 2019, having initially focused on investment pots accumulated via ‘round-ups’.

Exclusive: Moneybox offers its own equity for pension transfers
Image source: Moneybox

Moneybox is offering a small group of existing customers that transfer in pension old portfolios ‘free shares’ in its itself.

Pensions are not yet available to Moneybox's new customers. The equity offer is not available yet to all customers either. 

The savings and investment disruptor, founded in 2015 and launched a year later allowing, initially helped investors and savers to use its ‘round-ups’ function to put accumulated spare change into an investment portfolio including a standard stocks and shares ISA as well the Lifetime ISA (LISA) more recently. In 2019 it launched its pensions offering taking on the likes of PensionBee  

Those wanting to take on the offer should be aware that qualifying transfers must be in Moneybox by the 30th of November to qualify.

Shares are only available to customers who hold a pension with Moneybox and a minimum total pension transfer value applies. If you transfer your pension to another provider, your shares will be returned to Moneybox.

 

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Companies in this Article:

Moneybox

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