Discover CMC Invest’s new SIPP scheme, offering tax benefits and transparent fees to UK investors. Empower your retirement planning.
Discover CMC Invest’s new SIPP scheme, offering tax benefits and transparent fees to UK investors. Empower your retirement planning.
CMC Invest Empowers UK Investors with SIPP Scheme. This announcement, made last Friday, marks a significant expansion of the company’s services. The SIPP scheme, presented as a flat-fee product in partnership with Quai Investment Services, is exclusively available through CMC Invest’s Premium plan.
SIPPs are self-managed pension schemes in the UK that offer individuals substantial tax benefits and control over their retirement savings. This inclusion in the Premium plan aims to attract long-term investors by offering appealing features such as zero commission on trades, a 0.5 percent FX fee, flexible pension drawdown options, and access to multi-currency wallets. Additionally, investors can transfer existing pensions into the SIPP.
To entice new clients, CMC Invest is waiving the usual £25 fee for the Premium plan, offering it free for the first year. David Dyke, Head of CMC Invest, emphasized the importance of transparency in pension and investment fees, citing a survey that revealed a lack of awareness among investors, particularly women, about the fees associated with their pensions.
Dyke stated, “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.”
CMC Invest, launched in the UK in October 2022 and later expanded to Singapore and Australia, operates independently from CMC’s established contracts for differences (CFDs) trading platform. It focuses on providing a distinct experience centered on direct investments. Earlier this year, CMC Invest enlisted Shanti Pereira, a Team Singapore track and field sprinter, as its brand ambassador to advocate for early investing and financial literacy, particularly among young female investors.
In Conclusion, CMC Invest launches the SIPP scheme exclusively for UK investors, offering tax benefits and transparent fees through its Premium plan. With zero commission on trades and flexible pension drawdown options, it empowers individuals to take control of their financial future.
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