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Best for Beginners 2022

9 Feb, 2022

Readers, contain your excitement as we welcome you to the digital red carpet of the glamorous UK investment and pension scene. The following providers get the Boring Money Best for Beginners award for 2022.

We tested the websites and apps, with a particular focus on content, help and guidance for less confident investors. We considered investor reviews and weighted these to reflect feedback from less confident customers. Charges are a key factor and we assumed relatively low balances to reflect typical beginner accounts. These providers offer the best experience and overall support for beginner investors in the UK today.

These independent awards are compiled using customer reviews (30% of the score), Boring Money’s rigorous behind the scenes testing using our live accounts, charges (25% of the score) and customer service including call centres and support. These awards take our research team of 6 analysts over 2 months to research and collate, and recognise all round excellence. In our opinion – and their customers’ opinion - they are the best providers today for beginners in the UK who are investing without an adviser. They are listed in diplomatic alphabetical order below.

Best for Beginners 2022 winners list

More information about the awards

Why did we come up with these awards and the Best for Beginners category?

If you're new to investing, the jargon you'll come across in the financial sector can be absolutely maddening. And if you're planning on opening your first ISA or pension, you may find it hard to compare providers, understand what's right for you, and make an informed choice before you part with your cash. In response to the above, we created the Boring Money Best for Beginners Award. This is as an exclusive suite of providers who have jailed the jargon, made it easier for you to start investing, and tick all the other boxes when it comes to value, clear pricing, customer service and technology.

And how does this information help me?

We didn't just come up with these Best Buys to brag about these brands. No - these awards are there to help you take your first steps into the investment world, with confidence and clarity, not confusion and consternation.

Whether you're a beginner investor planning on opening your first stocks and shares ISA, or you fancy opening your first SIPP for some creative DIY pension planning, we've done all that nitty gritty research and fiddly analysis to spare you the hassle (a reminder: our research team spent two months deciding the winners of these awards). And as you navigate our website and compare providers, do keep a look out for these brands with the Best for Beginners and other 'Best Buy' or 'Best for' logos next to their name. We don't just give these out to anyone. Providers have to earn them.

Antiquated websites that can't explain in simple layman's terms what an ISA is in 2022 just won't make the grade.

Still not sure?

Still not sure how to start investing in 2022? Try our shortcut quiz to find out which options might be best for you.

Our general reviews of ISA providers can be read on here.

Find out who our winners are for each of the other categories: Best Buy ISA, Best Buy Pension, Best Buy LISA, Best Buy JISA, Best for Sustainable Investing, Best for low cost ISA<£50K, Best for low cost ISA>£50K, Best for low cost SIPP<£50K, Best for low cost SIPP>£50K, Best for Share Traders, Best for New Investment Platform, Best for Customer Service and Best App.