abrdn Choices

Want to get more from your money? Using open banking technology, Choices securely tracks your money, categorises your spending and gives personalised insights in to how you could make your money work harder. Simply put, Choices is here to help you make your money work harder.

Secure connection
Choices uses Open Banking technology to securely connect with your bank account and create a live view of your income, outgoings and money available to save and invest. Open banking technology allows Choices to stay up to date with your saving habits by viewing your past 12 months of activity. Open banking is safe, secure and protects your personal data.

Download Choices and join over 2,500,000 people in the UK using Open Banking.*

Insights
By taking a smart view across your finances, the app can help show what you may have available to save or invest. Choices keeps an eye on your finances to find spikes in income, reductions in outgoings and changes in average leftover balances. Choices also offers investment options that can help them towards achieving their goals. The value of investments can go down as well as up, and could be worth less than originally invested.

Prioritise
Users can set their savings goal and use our live calculator to see suggested contributions that they may wish to consider to hit their goals. Want to save £5000 in 3 years, or build a rainy day fund with 3 months' salary? Choices will use this information to review your spending and show how to reach your goal.

Categorise
Do you spend more than you thought on eating out or shopping each month? Never actually calculated your total monthly bills? You can view and understand your highest spending categories and merchants within Choices to help you see where you are spending most, and identify if you could make savings in certain areas. You can choose to exclude any transactions you do not want to affect your monthly insights to ensure it’s relevant to your financial circumstances.

Choices is a service provided by abrdn Client Management [‘aCM’] - (aCM is a subsidiaries of abrdn plc,; a global asset management company offering active wealth management, financial planning and advice services). abrdn plc is committed to meeting the evolving needs of savers by developing innovative products and services, such as the Choices app. abrdn continues to help savers get their money to a better place and is committed to providing a professional service to our customers. Find out more about at www.abrdn.com/en-gb/individual/digital-investing/abrdn-choices

Currently, Choices will use insights from information collected on you (directly and via open banking) to identify relevant savings & investments products which may be of interest. As new products and features become available in abrdn, we will send you a push notification and / or an email to provide you with more information and the option to invest in a range of similar savings & investment products and solutions offered by other subsidiaries of abrdn plc (namely Standard Life Savings Ltd, abrdn Financial Planning Ltd and Advice Ltd).

The abrdn Choices app is provided by abrdn Client Management Limited, part of the abrdn Group. abrdn Client Management Limited is registered in Scotland (SC193444) at 1 George Street, Edinburgh, EH2 2LL and is authorised and regulated by the Financial Conduct Authority.

*Computer weekly, 2021