Investment platform AJ Bell has announced the launch of commission-free mobile trading app Dodl in the first half of next year.
The company said on Monday that Dodl will have an annual charge of 0.15% and there will be no commission for buying and selling investments and no tax wrapper charges. The new app is designed for anyone looking for a low-cost, easy-to-use investment tool, it said.
“Dodl will be an easy to use, jargon free investment app to help people invest for their long-term goals,” the company said. “It will offer an individual savings account (ISA), lifetime ISA, pension and general investment account. Customers will be able to set up regular investments and consolidate existing ISAs and pensions onto the platform.”
People will be able to pay money into accounts via Apple and Google pay, as well as debit card payments and direct debits.
Chief executive Andy Bell said: “The intuitive investment journey and streamlined investment range will appeal particularly to those that are new to investing and want a simple way to manage their investments.”
