The bonds are back, we’re launching 16 new ETFs, and there’s even more in the pipeline.
Our mission is, and always has been, to help our customers grow financially by providing access and understanding of a variety of financial products. But like so many businesses, the last few months have been spent focusing on immediate needs relating to the Covid-19 pandemic, meaning product launches slowed down a little and there was a pause on issuing any new bonds.
However, now thanks to the support of our customers, the hard work of our team, and the motivation we draw from our mission, we are excited to be looking to the future again.
So let’s have a little look at how we got here…
Last year, the very first financial product innovation available on our app was Dozens Savings plc's listed 5% p.a. Fixed Interest Bonds. These are a unique financial product designed to make higher interest rates more accessible.
These 12 month listed bonds, issued by Dozens Savings Plc, have been available for over a year meaning some customers have already seen their first set maturing in March 2020. To date these bonds have helped over 800 customers earn a 5% p.a. fixed interest rate, on a total value of £1.2 million.
You can bid for a bond with as little as £100, the interest is paid monthly and there’s no lock-in. You can learn more about them here.
At the start of lockdown, the decision was made to pause the bonds while the world adjusted, but we’re delighted to announce that Dozens Savings Plc is releasing a new £100k issuance this month.
Investing doesn’t have to be complicated. It can be an effective way of growing your money, but people are often put off by the complexities. So, we simplified the process. With Dozens, there’s a simple, swipeable risk assessment and a quick affordability check, then you can see a range of investments to consider.
Our investment shelf is filled with a range of themed strategies hand picked from some of the biggest investment houses, like BlackRock and Vanguard. This means our customers can invest based on their interests, which not only makes the whole process more interesting, but also means you care that little bit more about what you’ve invested in. When you care, you’re more likely to stick with something through the ups and downs, which better suits the type of long term investing activity we want to encourage.
We’ll be giving out more information on these soon, but here’s a sneak peek of what’s coming:
UK Short Gilts
Euro Government Bonds
US Treasury Bonds
EURO STOXX 50
You can learn more about investing with us here.
At Dozens, we don’t just focus on fancy tech, we work on designing and developing innovative financial products that are truly useful.
And by ‘we’, we mean our highly experienced investment team. With decades of cumulative experience working at some of the world’s top investment banks, they know the world of financial products and investments inside out – which is how they know what your average customer is missing out on and what we can do to make it better.
We have so many more ideas, plans and preparations in the works.
Right now the team are working to source and curate multi-asset funds and deposit products to add to the shelf by the end of the year.
The multi-asset funds will allow customers to diversify their investment portfolios, while the deposit products will offer fixed term ways to grow your savings.
To be the first to know about our latest updates and newest products turn your marketing preferences on in the Dozens app settings.
And if you’d like to share your ideas and experience, head over to our community.
Capital at risk. When you invest, your money is at risk, as the value of your investment may go up as well as down and you may not get back the amount you originally invested.
Dozens is not a bank. Dozens is a trading name of Project Imagine Limited which is a company authorised by the Financial Conduct Authority (FCA) as an e-money institution (FRN 900894) and also as an investment firm (FRN 814281).
Bonds are not FCA regulated products, and FSCS protection does not cover the bonds. Dozens’ Fixed Interest Bonds are allocated, issued and administered by Dozens Savings plc. The interest offered by Dozens’ Fixed Interest Bonds will not fluctuate even in different market conditions. All of your money to be invested, plus the full 12-months interest, will be placed in a separate trustee-controlled account on your behalf. This would be used to pay you in the event of any default. The bond programme currently has a maximum limit of £7m, with expected issuance volumes of between £100k-£1m a month.
Dozens does not provide financial or tax advice of any kind. If you have any questions with respect to financial or tax matters relevant to your interactions with Dozens, our investment products or Dozens Savings plc's fixed interest bonds, or you are unsure about investing, you should consult a professional advisor.