Press Releases

Charles Stanley Direct increases charges despite global downward trends

August 2018

Today Charles Stanley Direct has announced an increase in its lowest tiered price, from 0.25% to 0.35%. The price increase will take effect from September 10th this year. The platform has historically been one of the cheapest mainstream open architecture platforms in the UK.

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Online DIY investment predicted to grow by over £100bn in five years

July 2018

UK platform and robo chiefs predict an increase in assets of over £100 billion over the next 5 years.

A survey of the CEOs and Directors of leading DIY investing platforms and robos suggests that today’s DIY investing market will grow by over £100 billion over the next 5 years. This is a near-50% uplift on the £209bn the industry currently holds.

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Anorak scoops the people’s prize in the inaugural Fink Tank Dragon’s Den

June 2018

A new app designed to make buying life insurance quicker and simpler triumphed on the Fin-k Tank ‘Dragon’s Den’.

Four groups went head to head at our inaugural Fin-k Tank conference, judged by a panel of experienced FinTech investors.


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FCA promises flexibility on Fintech regulation

June 2018

The UK regulator has promised an ‘open mind’ on regulation of Fintech. Anna Wallace, Innovate Head of Department at the Financial Conduct Authority said it was adapting its processes to assess this fast-moving area, labelling it a ‘massive strategic priority’.

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Hargreaves Lansdown’s McPhail says DPP’s pension dashboard won’t work in Fintech age

June 2018

Tom McPhail, head of retirement policy at Hargreaves Lansdown, laid down a challenge to the government’s flagship ‘pensions dashboard’ policy, saying the database may struggle to integrate with disruptive new Fintech providers.

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True Potential Investor pips Charles Stanley Direct and Nutmeg to take highest customer rating in new Boring Money Best Buy Tables

June 2018

True Potential Investor customers give the direct investment, ISA and pension provider a 91% recommend score – the highest score

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AJ Bell Youinvest Dominates in Inaugural Consumer Investment Awards

June 2018

AJ Bell Youinvest scooped Best Online Investment Provider and Best Online Pension Provider at last night’s inaugural Telegraph & Boring Money Consumer Investment Awards.

The wins accounted for two of the six trophies awarded last night following voting by the readers of The Telegraph and Boring Money. 

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Diversified returns outperformed FTSE 100 across 2017

January 2018

  • In the UK robo adviser assets have grown from £1.6bn in September 2017 to an estimated £1.8bn at the end of 2017

  • Returns show that on average the robos diversified portfolios of equities outperformed the FTSE 100 in 2017 and did so at a lower risk

  • The top performing robo portfolios analysed were Scalable Capital’s 25% (which returned 19.27%), Nutmeg’s Portfolio 10 (which returned 13.41%), followed by evestor’s Portfolio 3 (which returned 12.72%)

 

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Robo advice grows by 133% over 12 months

November 2017

  • Total non-advised AUA was £192.4bn as at Q3 17

  • Robo advisers have £1.7bn AUA

  • Average account sizes for robo providers are £20,500 compared to an industry average of £52,500

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Robo Returns

November 2017

Boring Money has analysed robo-adviser returns for the 12 months to the end of September 2017 from 6 of the major players in the evolving UK market, including Nutmeg, Moneyfarm and Wealthify.

Portfolios are grouped into three categories to enable easy comparison by consumers across different risk profiles:

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Online investing assets hit £192bn at Q3 2017 but nervous investors increase cash holdings

November 2017

Research from Boring Money finds that online investment assets grew to £192.4bn by the end of the third quarter of 2017, an increase of 17% on the year before. Market leader Hargreaves Lansdown grew assets by 21%, increasing its market share to 43%.

Consolidation is also in evidence as TD Direct Investing customers now log-in to Interactive Investor branded websites.

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UK Divorcees: once bitten, twice shy?

October 2017

  • ONS stats reveal divorces amongst opposite-sex couples have increased from 2015 to 2016

  • The associated wealth transfer from men to women is having a bigger impact investment providers than inter-generational wealth transfer

  • Boring Money research shows once divorced, women aged 55+ become more likely than the national average to always find time for their finance

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Nearly 3 million WARY women turn their backs on financial advice

October 2017

  • Only 12% of women hold a stocks and shares ISA vs 19% of men

  • Almost a third of women in their 40s and 50s have chosen to not see a financial adviser again

  • Women state “Philip Green scenarios” as reason they don’t trust or engage with retirement savings through a pension

  • Boring Money warns consumers that price comparisons sites are not always the best pit stop for advice

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