We’ve introduced new functionality to make setting up Junior ISA accounts quicker and easier.

What’s changed?

Previously, instructions to set up a Junior ISA, or carry out tasks such as requesting an illustration, had to be submitted using a form.

With our new process, this is now available online, supporting our aim to make as many of our process digital as possible.

What does this mean for you?

The new straight-through online journey is faster and simpler to complete. You’ll be able to complete client information, submit anti-money laundering (AML) documentation, and generate illustrations and supporting documents within one journey.

There’s no need to complete or send us any forms, and accounts can be set up immediately upon online submission.

Please note, one exception would be where a junior individual already has a Junior SIPP, and now wants to open a Junior ISA. It’s not currently possibly to process this scenario online and so you would need to complete a form in this case.

How do you use the new functionality?

The new online application is straightforward and consistent in design with our other product and wrapper journeys.

When creating a new client, via ‘add investor’, you’ll now see the option to set up a ‘junior individual’.

Follow the workflow through to enter the details for the individual, establish the wrapper, add the investment strategy, assets and charges. You’ll then receive the documents including the pre-sales illustration, client report, application summary and payment instructions, if applicable.

Any questions?

If you’d like more information or have any questions about this enhancement, please speak to our team today.

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This article is intended for regulated financial advisers and investment professionals only.

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