The Advance by Embark Platform

If your pensions and investments are held on the Advance by Embark platform, you should have recently received a letter from them to inform you that they are upgrading their technology. Later this year, your portfolio will move from the Advance by Embark platform to the Embark Platform which is already operating and upgrading so this will ensure you benefit from all future enhancements that are made.

As you would expect, The Openwork Partnership are working closely with Embark on this upgrade to ensure the transition runs smoothly and you do not need to do anything as part of this upgrade process, your portfolio will move automatically.

Embark Investment Services Limited

There are over 150,000 customers across the UK with their investment and pension savings on the Embark Platform which is operated by Embark Investment Services Limited (EISL).  This means that when the move from Advance to Embark platform happens later this year, the legal entity which underpins your account will change from Sterling ISA Managers Limited to EISL. Both EISL and Sterling ISA Managers Limited are part of the Embark Group.

Who is EISL?

EISL is an established part of the Embark Group, and your investments will continue to have all the same protections, including those provided via the Financial Services Compensation Scheme.