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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
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Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
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#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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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.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 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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