Plum is a clever tool that moves spare cash from your current account and sets it aside for you. It works by linking to your bank account (it works with all major UK banks). It analyses transactions to learn about your income and spending and transfers surplus cash into your Plum account every few days.
From there, you can invest your money into risk-rated basic portfolios: Conservative, Balanced and Growth or invest in more advanced, thematic portfolios such as Technology, Emerging Markets and Ethical. The funds in each portfolio are provided by Vanguard, Standard Life or Legal & General. Only ISA and GIA available.
The Emerging Markets portfolio invests in the Vanguard Global Emerging Markets fund, a stock-heavy fund investing in Russia, Taiwan, Brazil and other countries.Visit The Website
Available products & Wrappers
|General Investments||ISAs||JISAs||Pensions & SIPPs||Junior SIPP||Lifetime ISAs||Others|
Table of charges
|PLATFORM CHARGES||PRODUCT CHARGES||OTHER CHARGES|
|Underlying fund charge||0.80%|
Compare the Platform Says
|Products & Wrappers||Research & Guidance||Charges||OVERALL SERVICE|
|A great service but limited selection. Hopefully Plum will add more funds to broaden coverage and bring down the costs.|