Barclays launches online investment service

Added 28th November 2016

Barclays has launched an online investment service in an effort to help plug the savings and advice gap.

Barclays launches online investment service

Initially only available to Barclays’ customers, the service will offer those with an online banking account access their investments, savings and current accounts through a single log-in.

Next year, however, the bank hopes to launch a standalone version of the Smart Investor portal for non-Barclays customers. This would not, however, have the integration features available to Barclays clients.

The service has no minimum investment amount, but Barclays said, guidance and an “are you ready to invest” tool are provided “to ensure customers consider whether investing is right for them before they commit any money”.

According to the firm, the new offering is fully aligned with its longer term strategy and has been specifically designed to “help people from all investing backgrounds”.

Clare Francis, savings and investments director at Barclays, said that, while factors such as longer life expectancy and spiralling house prices are well known, many are still not saving enough to meet these goals.

“There are a number of reasons for this, including a lack of awareness and understanding about financial products and feeling that investing in the stock market is complicated and risky,” she said, “The new service has been designed as an easy-to-use service to help break down some of these barriers and give people the confidence to make smarter financial decisions, to achieve their financial goals.”

The fees charged by the service can be seen below.

 

Sponsors

Overseas earners will be key amidst 2017 inflation

Sponsored by Neptune

Overseas earners will be key amidst 2017 inflation...

A by-product of sterling weakness is inflation, and we expect this to continue to gather steam over the coming months, with energy and food prices the hardest hit....

Kames Income Hub

home_research_centre

Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

AXA Distribution Fund
AXA Distribution Fund

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Geoff Candy

Group digital editor

Geoff Candy joined Portfolio Adviser as News Editor in May 2014. He has been a financial journalist and broadcaster since 2005 and, in that time has worked in both South Africa and the Netherlands, covering everything from high street retailers and construction companies to mining and insurance.

Profiles

Viewpoint

Investment Strategy

Feature

Tweets

Events

PA Alternative Ucits 2017
PA Alternative Ucits 2017

Tuesday 25 April
The Langham, London

PA Europe 2017
PA Europe 2017

Thursday 11 May 2017
Furniture Makers' Hall

PA Channel Islands 2017
PA Channel Islands 2017

Wednesday 24 May
Royal Yacht Hotel, Jersey

PA UK Equity 2017
PA UK Equity 2017

Thursday 15 June
Radisson Blu Edwardian Bloomsbury Street Hotel

Sponsored Content

Investment Strategy

OTHER STORIES FROM LAST WORD...