Investec Click & Invest has drastically reduced its minimum investment amount by 75% from £10,000 to £2,500.

The division's chief executive, Jane Warren, said: ‘The online investment industry is still relatively young, and at Click & Invest we are continually monitoring for and developing ways of enabling people to discover the benefits of investing.

‘We are pleased to announce a new minimum investment threshold. Not only will it enable more investors to benefit from our commitment to delivering a high-quality active investment service it also furthers our mission to make investing as straightforward and transparent as possible.’

The service, which launched in 2017 after a two-year delay, charges an annual management fee of 0.65% on the first £100,000 invested, 0.50% on the next £150,000 invested and 0.35% on funds above £250,000.