Parmenion signs up to Barclays Pingit, enabling investment account funding

Investment provider, Parmenion can now offer clients the option to transfer money into their investment accounts by using their mobile phones.

The Barclays Pingit app provides Parmenion’s clients with a secure way for making investment account deposits, by using a smartphone or tablet. The app can be used by anyone who has a UK mobile number and a UK bank account.

Patrick Ingram, Head of Corporate Relationships at Parmenion, said: “As the end of the financial year approaches, many investors look to make further deposits into their ISA accounts. Advisers working with us will be able to offer their clients an innovative payment option that is not only quick and easy but also convenient to use.”

Andy Fenton, Relationship Director at Barclays, said: “Our ground-breaking Pingit app has transformed mobile payments with its speed and simplicity and now it will enable investors to fund their accounts in the same way via secure technology. Parmenion are ahead of the field in offering this exciting solution to their advisors and we support their efforts to improve the investor experience through innovation

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