| My favourite pages |
| Support topics
Need help in something? Take a look at our support area for your answer. Find out more |
Session Timeout
You have been inactive for 0 mins.
Stay logged in or you will be logged off in 60 seconds.
Quick content survey
As your feedback helps us improve our content and services, we'd appreciate it if you can spare a few moments to respond to the following statements.
Cash interest explained |
You will receive interest on balances in your platform cash account at the prevailing rate.
Embark Investment Services Limited acts as the custodian for investments on the Willis Owen platform and is one of our strategic partners that provides our Willis Owen ISA, GIA, Junior ISA and SIPP.
Embark places cash with a number of banking partners for safekeeping and to provide the potential for you to earn interest on money in your platform cash account. By managing cash in this way, it aims to provide better protection and a higher overall level of interest than if all funds were placed with a single bank.
The rates of interest paid by banks will vary. Embark retains a portion of the interest earned to cover its costs in managing platform cash.
Current Interest Rate
The table below shows the current customer interest rate payable on cash balances along with the amount of interest retained by Embark. The customer interest rate shown is that after accounting for interest retained by Embark:
| Date From | Customer Interest Rate | Interest retained by Embark |
|---|---|---|
| 25th March 2024 | 2.46% | 1.75% - 2.00% |
Embark can change the rate of interest at any time and it reviews the position at least quarterly. Interest is calculated and accrued daily and is credited to your account on the first of each month. If you transfer out, accrued interest is applied at the point of transfer. We will inform you if and when the interest rate changes as soon as is practicable.
Interest retained
The table below shows the yearly equivalent rates of interest Embark expects to pay based on a range of possible yearly interest rates it may earn.
| Interest Embark expects to earn | Customer Interest Rate | Interest retained by Embark |
|---|---|---|
| 0-1% | 0 – 0.46% | 0 – 0.54% |
| 1-2% | 0.46% – 0.94% | 0.54% – 1.06% |
| 2-3% | 0.94% – 1.46% | 1.06% – 1.54% |
| 3-4% | 1.46% – 2.02% | 1.54% – 1.98% |
| 4-5% | 2.02% – 2.61% | 1.98% – 2.39% |
| 5%+ | 2.61%+ | 2.39%+ |
Historic Interest Rates
To see details of historic customer interest rates, along with the amount of interest retained by Embark, click here.
Job title: Investments Regulatory Specialist (Part-time)
Department: Compliance
We’re an exciting and dynamic business who puts good customer outcomes at the heart of all that we do. Part of this involves having a strong governance, risk and compliance framework.
To support this, we’re looking for an enthusiastic individual to provide high quality support to Willis Owen’s Compliance function on a part-time basis (25 hours per week). We’re open to flexible working arrangements for this important role.
As well as promoting a culture of compliance throughout the firm, your key duties will include the review and approval of financial promotions, regulatory horizon scanning, using your expertise to support change initiatives and projects and supporting in the delivery of a risk-based compliance monitoring plan. You’ll also have responsibility developing and maintaining compliance policies and procedures, identifying areas of weakness and suggesting improvements.
You can read more about the role in the job profile below.
From experience of working within the Compliance department of a regulated financial services business, we’ll expect you to have an understanding of FCA regulation in relation to the distribution of investments and be familiar with the relevant parts of the FCA handbook as they apply to a direct to consumer investment platform business. We don’t expect anyone to know everything but you’ll need to be the kind of person who knows where to look and can find the answers! Experience of financial promotions review and approval is essential.
You’ll need to be proactive in acquiring knowledge from within the business and we’re looking for someone who can learn quickly, with strong attention to detail and who is confident working on their own initiative. You’ll need strong communication and influencing skills as well as the ability to analyse complex issues and come up with sound recommendations for consideration.
For the right candidate, we can offer a very competitive salary along with a range of other benefits. If you’re looking for your next challenge and are interested in working within an exciting and fast moving business that puts the customer first, we’d love to hear from you.
Job Profile
