Santander UK launches online investment hub
Santander UK has launched the Investment Hub, a new platform which enables customers to buy and service their investments online, alongside the more traditional channels which will continue to be available to them.
The new platform provides all customers with access to Santander Asset Management funds and around 2,000 funds from some of the world’s other leading fund managers. Customers will be able to access the investment platform via Santander.co.uk and will be able to view all of their holdings in one place – everything from their mortgage, their savings, their insurance and their current account.
Customers will also be able of consolidating their investments held with other providers onto the investment online platform. This will enable them to have a complete overview of their finances.
Later this year, all customers who currently have investments in funds with Santander ISA Managers Limited, circa 250,000, will be fully migrated onto the new online platform.
“A crucial element of our wealth proposition is to make the investment market more accessible – a key focus of our work following the Financial Advice Market Review,” said Alan Mathewson, the firm’s managing director of Wealth Management & Private Banking.
“Online investing is likely to represent 25% to 30% of the UK retail investments market over the next couple of years. As a scale challenger bank, we want to be at the forefront of this trend as we continue to develop our proposition for customers in a simple, transparent and more affordable way,” Mathewson said.