I recently moved my SIPP's and S&S ISA's over from Dodl and InvestEngine. The primary reasons for doing so: 1 - Prosper has ZERO account fees (Dodl charge 0.15% / min £1)2 - Unlike InvestEngine, Prosper allows transfers into their SIPP accounts from multiple investment platforms (not just Vanguard). After a year, I grew tired of waiting for IE to implement their transfer process.3 - Prosper offers a great range of Index, ETF’s, Money Market and Bond products for the average retail investor. My favourite being the HSBC FTSE All World Index Fund.4 - KISS (Keep it simple stupid) Prospers investment app does just that!5 - My transfer experience has been seamless. I could not initially see InvestEngine on the dropdown list of companies I could transfer in from (I am sure this will be updated soon). After contacting customer services via the in app feature, Rohan simply provided me with a PDF transfer request form to populate. Rohan has provided great communication throughout the process. Thank you Rohan.Features and products I would like to see in the near future as Prosper grows:1 - The ability to set up direct debits in and then auto invest the funds. This would be super!2 - Lifetime ISA3 - Cash ISA4 - In specie transfers-------------------------Overall, a great product from Prosper. Please keep the ZERO fee principle!
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Prosper was founded to bring More for You by maximising our members’ potential wealth. We provide pensions, investments (both public and private) and savings accounts that have clear charges.
And we keep them low.
With Prosper’s flexible Stocks and Shares ISA, you get:
No platform or transfer fees
Refunded fund fees on over 30 top ETFs (BlackRock, Vanguard and more)
Real human support when you need it
Our pensions (Self Invested Pension Plans) are also free to open and free to fund.
We charge no platform or transfer fees to move your existing pensions or ISAs to Prosper.
We have market beating cash savings rates on fixed, easy access and notice accounts and again, we take the absolute least possible interest for ourselves that we can so that we can pass on as much value to you as possible.
Recently we have brought our members private markets funds and we intend to much more in the app to bring private markets to our sophisticated investors with a simple interface.
Our members benefit from zero fee access on 30 index funds from the world's leading asset managers, zero platform fees and zero transaction fees. In the future, we will charge members a fair platform fee and low, fair and transparent fees for any other investment products we think represent great value.
Prosper founder and CEO Nick Perrett and Chairman Ricky Knox have previously worked together building Tandem Bank. The company is backed by the founders of Monzo, Capital One and Admiral and other leaders in financial services.
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