Fashion retailer John Lewis ventures into investment market

John Lewis, the well-known fashion retailer from the UK, is entering the investment market for the first time.

The British retailer, reportedly, has joined hands with digital wealth manager Nutmeg to introduce 3 new investment products.

These are junior individual savings account (ISA), stocks and shares ISA and a general investment account.

While junior ISA has an annual allowance of £9,000 wherein parents, guardians and grandparents can make regular contributions to help the beneficiary access the amount when he/she turns 18, the stocks and shares ISA has an annual allowance of £20,000.