The platform introduces Self-invested Personal Pension (SIPP) with tax benefits.
The newly launched products are exclusively available to Premium plan investors.
CMC Invest, the equity trading arm of CMC Markets (LON: CMCX), is broadening its services in the United Kingdom by introducing a Self-Invested Personal Pension (SIPP) scheme. Announced last Friday, this new offering is presented as a flat fee product in collaboration with Quai Investment Services, exclusively available through its Premium plan.
Targeting Long-Term Investors
A SIPP provides UK individuals with a self-managed pension corpus that guarantees a pension upon retirement, offering significant tax advantages. The inclusion of SIPPs in the Premium plan is designed to entice long-term investors with its appealing features: £0 commission on all trades, a 0.5 percent FX fee, flexibility in pension drawdowns, and access to multi-currency wallets. Moreover, investors can transfer existing pensions into the SIPP.
To attract new clients, CMC Invest has waived the Premium plan's usual £25 fee, offering it free for the first 12 months.
“Navigating the complex landscape of pension and investment fees can be daunting, and it’s easy for customers to feel overwhelmed. That’s precisely why we’re introducing a flat fee structure with our Premium plan," stated David Dyke, the Head of CMC Invest.
A Simplified Fee Structure
The justification for the flat-fee model stems from a survey of 2,000 investors, each with over £10,000 in investable assets, which revealed that one-third of pension-holding investors were unaware of the fees charged on their pensions. This percentage rises to 44 percent among female investors.
“With our flat fee, regardless of portfolio size or trading frequency, customers will pay a consistent monthly fee. This transparency simplifies financial planning, eliminating the need for complex calculations to understand pension costs,” Dyke further explained.
CMC Invest was initially launched in the United Kingdom in October 2022 and expanded to Singapore in September last year. It is also accessible to investors in Australia. Operating independently from CMC’s established contracts for differences (CFDs) trading platform, CMC Invest aims to offer a distinct experience focused on direct investments.
Earlier this year, CMC Invest signed Shanti Pereira, a Team Singapore track and field sprinter, as its brand ambassador to promote early investing and financial literacy, especially among young female investors.
CMC Invest, the equity trading arm of CMC Markets (LON: CMCX), is broadening its services in the United Kingdom by introducing a Self-Invested Personal Pension (SIPP) scheme. Announced last Friday, this new offering is presented as a flat fee product in collaboration with Quai Investment Services, exclusively available through its Premium plan.
Targeting Long-Term Investors
A SIPP provides UK individuals with a self-managed pension corpus that guarantees a pension upon retirement, offering significant tax advantages. The inclusion of SIPPs in the Premium plan is designed to entice long-term investors with its appealing features: £0 commission on all trades, a 0.5 percent FX fee, flexibility in pension drawdowns, and access to multi-currency wallets. Moreover, investors can transfer existing pensions into the SIPP.
To attract new clients, CMC Invest has waived the Premium plan's usual £25 fee, offering it free for the first 12 months.
“Navigating the complex landscape of pension and investment fees can be daunting, and it’s easy for customers to feel overwhelmed. That’s precisely why we’re introducing a flat fee structure with our Premium plan," stated David Dyke, the Head of CMC Invest.
A Simplified Fee Structure
The justification for the flat-fee model stems from a survey of 2,000 investors, each with over £10,000 in investable assets, which revealed that one-third of pension-holding investors were unaware of the fees charged on their pensions. This percentage rises to 44 percent among female investors.
“With our flat fee, regardless of portfolio size or trading frequency, customers will pay a consistent monthly fee. This transparency simplifies financial planning, eliminating the need for complex calculations to understand pension costs,” Dyke further explained.
CMC Invest was initially launched in the United Kingdom in October 2022 and expanded to Singapore in September last year. It is also accessible to investors in Australia. Operating independently from CMC’s established contracts for differences (CFDs) trading platform, CMC Invest aims to offer a distinct experience focused on direct investments.
Earlier this year, CMC Invest signed Shanti Pereira, a Team Singapore track and field sprinter, as its brand ambassador to promote early investing and financial literacy, especially among young female investors.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Dukascopy Money Market Products Offer Competitive Rates for USD, GBP, and EUR
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24