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Novia launches cash deposit offering

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Novia, a UK-based wealth management platform provider, has launched a range of cash options for advisers and clients who are looking for good cash returns while their funds are between inv

Novia, a UK-based wealth management platform provider, has launched a range of cash options for advisers and clients who are looking for good cash returns while their funds are between investments.
 
The offering provides access to seven cash deposit providers. It is available for gross and net GIA, sipps, group sipps and offshore bonds with interest rates of over three per cent on some products.
 
The new range follows a comprehensive review of providers of cash facilities.
 
Bill Vasilieff, chief executive of Novia, says: ‘Having access to whole of market investments is core to Novia’s proposition. We also believe that this needs to be supported by a comprehensive range of cash options – whether this is an immediate cash facility, short to medium term deposit options, with high interest rates including some over three per cent, or cash funds. We also offer access to a number of other cash investments offering a wider range of return and maturity.’

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