Fintech Plum expands into retirement savings
Fintech company Plum is launching its first-ever pension product with the subscription-free Plum Sipp.
It is designed to get a new generation engaged with their lifetime finances.
The Sipp can be found alongside customers’ day-to-day spending, saving and other investments in the Plum app.
The onboarding system consists of six steps, so customers can use the pension platform, consolidate their old pensions or start making automatic payments straightaway.
According to Plum customers benefit from its smart saving algorithm designed to tuck away as much as the customer can afford.
It also splits their money between interest-bearing savings, investments and pensions according to the customer’s chosen saving strategy.
Customers can also choose from funds that are risk-managed according to their current age and the remaining years to retirement.
Plum offers a range of diversified retirement funds, including a green fund that features firms that meet positive carbon and environmental criteria.
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