Fundment launches Cash ISA and Cash Lifetime ISA
We are pleased to announce the launch of the Fundment Cash ISA and Fundment Cash Lifetime ISA – a significant step towards meeting adviser and client demand for cash investment options.
This expansion, rolled out in September 2024, follows the July introduction of our Stocks & Shares Lifetime ISA (LISA).
In partnership with Investec Bank, we now offer a 12-month Fixed Rate Deposit (FRD) within our Cash ISA and Cash Lifetime ISA options. We also plan to broaden our cash investment choices in the future.
Ola Abdul, our founder and CEO, emphasised the move's alignment with adviser needs: "We're expanding our ISA range in line with adviser demand. This move, coupled with the full digitisation of our underlying cash investment functionality, demonstrates our commitment to providing advisers with the tools they need to serve their clients effectively."
Digital all the way through
A key feature of this launch is the full digitisation of our cash investment process. From digital account opening and client approval to automated payments of fees, income, and dividends, our streamlined operations allow advisers to focus more on delivering value to their clients.
David Hunt, Head of Funding Partnerships at Investec, highlighted the partnership’s technological focus: "[This] aligns perfectly with our commitment to tech-driven, digitally-enabled financial solutions. By leveraging our API, Fundment has created a frictionless experience for advisers and their clients."
In addition to the Cash ISA and Cash Lifetime ISA offerings, we provide Fixed Term Deposits (FTDs) within our pension and general investment wrappers. These FTDs, also developed with Investec Bank, are available for terms of 3, 6, and 12 months.
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