
Monzo migrates investment accounts to Seccl
1
Since September 2023, Monzo customers have been able to open investment accounts and access a range of multi-asset funds directly within the app. As well as a Stocks and Shares ISA and General Investment Account (GIA), Monzo also launched a pension tracing and consolidation service in July 2024.
The investment proposition has so far attracted over 300,000 customers, whose assets will now be migrated to Seccl as it takes over the provision of custody, wrapper administration and investment services. BlackRock will continue to manage the funds available to Monzo Investments and Pensions customers.
Monzo selected Seccl as its new technology partner in January and the first assets were placed on the Bath, UK-based technology provider's platform in May.
By the beginning of July, new Monzo investment accounts were powered by Seccl. The migration of its existing investor base is scheduled for September.
As part of the migration, Monzo is introducing a range of new features - starting with a fully digital accumulation SIPP (to which customers can make new contributions, as well as consolidate existing pensions) and the ability to trade ETFs.
Andy Smart, CPO of Monzo says: 'In line with our mission to make money work for everyone, we've helped to demystify investing for thousands of customers, making it simple, transparent and affordable. Working with Seccl means we can go even further and introduce more exciting features and tools that help our customers grow their money, all within the Monzo app.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Independent
16 minutes ago
- The Independent
Liverpool secure signing of sought-after French forward
Liverpool have completed the signing of French forward Hugo Ekitike from Eintracht Frankfurt for an initial fee of £69m, potentially rising to £79m. The 23-year-old has signed a six-year contract at Anfield after successfully passing his medical. Liverpool secured Ekitike despite late interest from Manchester United and a rejected £70m bid from Newcastle United. The club views Ekitike as a multi-functional forward with the potential to become one of the world's best, comparing his talent to Erling Haaland and Kylian Mbappé. This transfer marks Liverpool's fourth major summer signing, bringing their total spending to £250m, with potential add-ons increasing it to £300m.


BreakingNews.ie
17 minutes ago
- BreakingNews.ie
Liverpool complete signing of striker Hugo Ekitike from Eintracht Frankfurt
Liverpool have completed the signing of striker Hugo Ekitike from Eintracht Frankfurt. A deal was reached between the two clubs on Monday for the 23-year-old to join Arne Slot's Premier League champions, which the PA news agency understands to be for a guaranteed £69million plus a potential £10million in add-ons. Advertisement The striker, who scored 22 goals for Frankfurt in all competitions last season, flew to England on Tuesday to undergo a medical ahead of the deal's completion and will now travel to Asia to join his new Liverpool team-mates on their pre-season tour. PA understands Newcastle and Manchester United had been interested in Ekitike, whose capture continues Liverpool's summer spending spree. Florian Wirtz arrived from Bayer Leverkusen in an initial £100m deal that could rise to £116m, while Jeremie Frimpong also joined from the German club in a £29.5m switch and Milos Kerkez left Bournemouth for £40m. Giorgi Mamardashvili has also linked up with Liverpool after agreeing a move from Valencia last August, along with fellow goalkeepers Armin Pecsi and Freddie Woodman. Advertisement


Reuters
an hour ago
- Reuters
Forward Ekitike joins Liverpool from Frankfurt
July 23 (Reuters) - Liverpool have signed French striker Hugo Ekitike from Eintracht Frankfurt, the Premier League side announced on Wednesday, with media reports saying the deal was worth 69 million pounds ($93.65 million) plus add-ons. Ekitike is Liverpool's second-most expensive recruit in the close season after the Premier League champions signed Germany midfielder Florian Wirtz, who can also play as winger or forward, in June for a club-record 100 million pounds plus add-ons. "The 23-year-old has successfully completed a medical and agreed personal terms with the Reds, allowing him to fly out to Hong Kong to join his new teammates on their pre-season tour of Asia later this week," Liverpool said in a statement. Former Paris St Germain player Ekitike had a breakout campaign in 2024-25, scoring 15 Bundesliga goals in 33 appearances. He also struck four times as Frankfurt reached the quarter-finals of the Europa League. Ekitike, who made his senior debut at Stade de Reims, joined PSG on loan in 2022, making 25 Ligue 1 appearances as they won the French top-flight. He went on loan to Frankfurt in 2023, before making the move permanent a year later. "It's a strong story for him and Eintracht Frankfurt that he's moving to one of Europe's top teams with the greatest ambitions and opportunities," Frankfurt Sporting Director Markus Kroesche said in a statement. "Hugo has earned this move, and it shows that we are capable of offering players a great prospect." Liverpool begin their Premier League title defence at home against Bournemouth on August 15. ($1 = 0.7368 pounds)