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Holly Mackay
Holly MackayFounder and CEO
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Is Virgin Money good for investing?

Independent review by Boring Money

1 Dec, 2023

Looking to invest with Virgin Money? Our comprehensive review explores everything you need to know about Virgin Money's investment offerings, including their fees, investment options, and whether they're the right choice for your financial goals.

Key Takeaways:

  • Virgin Money offers a simplified investment approach with four ready-made portfolios
  • Total fees range from 0.70% to 0.75% annually
  • Ideal for beginners seeking a hands-off investment experience
  • Limited options compared to traditional investment platforms
  • Backed by a major UK bank serving over 6.5 million customers

Investment Options Available

Virgin Money provides several account types for investors:

  • Stocks & Shares ISA
  • Pension (SIPP)
  • General Investment Account (GIA)

Their platform focuses on four main investment portfolios:

  • Careful Defensive (Very low risk)
  • Cautious Growth (Lower risk)
  • Balanced Growth (Medium risk)
  • Adventurous Growth (High risk)

Who Should Consider Virgin Money?

Virgin Money's investment platform is particularly suitable for:

  • First-time investors seeking simplicity
  • Those preferring a hands-off approach
  • Investors comfortable with ready-made portfolios
  • People looking for a recognized brand name

Fee Structure Overview

Virgin Money's fee structure is straightforward with two main charges:

  • Account charge: 0.30% per year
  • Investment management charge: 0.40-0.45% per year
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