interactive investor is owned by fund management group, abrdn.
For the Pension Essentials plan, customers with pension pots worth £50,000 or less pay £5.99 pm. For pots over £50,000, the Pension Builder plan costs £12.99pm.
Existing ii individual savings account (ISA) customers with Investor or Super Investor plans can add a self-invested personal pension (SIPP) for £10pm. Investor Essentials clients can add a SIPP for £5pm, providing their SIPP and ISA total is £75,000 or less.
Five ready-made managed investment portfolios are available offering the choice of income and growth, active, and passive funds. There are also six ‘Quick-Start’ ready-made funds comprising three Vanguard LifeStrategy index funds and three Columbia Threadneedle actively managed sustainable funds.
Ii’s Super 60 list includes ‘best in class’ active and passive funds, exchange-traded funds (ETFs), and investment trusts. The ACE 40 range of funds is aimed at ethical investors.
Overall, the platform provides access to more than 37,000 UK and US shares, 3,000 funds, 1,000 ETFs, and 600 investment trusts.
No minimum contribution for lump sum investments, or £25pm for regular payments.
At retirement, customers have the choice of taking a cash lump sum, buying an annuity, or flexible income drawdown (see ‘What is a personal pension? Below).
Overall, ii offers competitive fees and a wide range of investments.