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Hargreaves Lansdown cuts minimum investment amounts to encourage first timers

Wednesday 10th September 2014

This week financial services firm Hargreaves Lansdown has launched lower minimum investment sums for its Vantage Service in a bid to attract more first time investors.
The new rates are as follows: 
-  Minimum regular savings amount cut to £25 a month (was £50)
-  Minimum lump sum amount cut to £100 (was £500)
-  Changes apply to Vantage NISA, SIPP and Fund and Share Account
Commenting on the announcement, Danny Cox, Head of Financial Planning at the firm said: ”The easier you make it for individuals to invest for their future, the more likely they are to do it. By lowering the minimum amounts needed to invest using the Vantage Service, we hope to encourage first time investors to start building up a nest-egg and improve their financial security.”
"The most important part of a savings plan is to get it off the ground, even if the initial amount seems small. A pension investor can now start their retirement savings for just 66p a day, which adds up to £25 a month with tax relief added. The majority of people start by saving modest amounts, and over time, with occasional increases, these will really add up,” he added.

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Editorial Contact Details - Conor Shilling
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