Virgin Money has announced the launch of a new pension offering, enhancing its digital platform and further extending its partnership with FNZ.
The digital investment solution was initially “launched in April 2023, and aimed to make investments more accessible, straightforward and transparent for UK retail investors.”
The direct-to-consumer (D2C) platform “provides both first time and experienced investors with direct access to a range of investment funds to choose from, within an ISA or GIA.”
Everything is managed online and “via a dedicated app, ensuring a seamless digital experience, all underpinned by FNZ’s technology.”
The latest pension enhancement now “introduces two distinct options – Navigator and Self Drive –helping customers take control of their future and grow their money for a brighter retirement.”
The pension has reportedly been designed “with simplicity in mind to give customers the confidence to make good decisions when it comes to managing their money.”
Virgin Money is also “helping customers combine existing pensions into one. In just a few simple steps, customers can transfer existing pensions into their Virgin Money pension, meaning they can gain a much clearer view of what their overall retirement income could look like and manage this all-in-one place.”
Jonathan Byrne, Chief Executive Officer at Virgin Money Investments, said:
“We’re delighted to have launched a new pension proposition – giving customers the confidence to plan for a brighter retirement and feel in control of their money. Planning for the future should feel straightforward. That’s why we’ve designed our new pension to simplify the path to financial security.”
After a comprehensive selection process, Virgin Money selected FNZ “as its partner. This was due to their state-of-the-art technology. Proven excellence in delivering market-leading direct-to-consumer propositions. A track record of complex platform implementations. And their ability to deliver innovative end-to-end digital experiences across multiple channels.”
Alastair Conway, FNZ Chief Executive Officer, UK, MENA added:
“We’re thrilled to have partnered with Virgin Money on the launch of the new pension offering. Our partnership reflects our joint commitment to transforming the landscape of wealth management, helping everyone, everywhere invest in their future on their own terms.”