Yes, it is safe to invest in a pension with Nutmeg as they are regulated by the FCA an owned by J.P. Morgan (one of the largest banks in the world). However, there is risk with all investing and all pensions are linked to the stock market so there is a risk that at some point your investments could be worth less than when you started.
Nutmeg Pension Review
Name: Nutmeg Pension
Description: Nutmeg has created five pension styles (portfolios) which have been built by experts and use exchange-traded funds to diversify across stocks, bonds, industries, and countries. This also importantly keeps costs down.
Capital at risk. Tax treatment depends on your individual circumstances and may change in the future.
- Investments: 5 investment styles
- Minimum investment: £500
- Pension charges: 0.75%-0.45%
Fees: Nutmeg pensions cost 0.75% for their managed portfolios which drops to 0.35% for balances over £100k. For their fixed allocation portfolios they charge 0.45% dropping to 0.25% for balances over £100k. For all portfolios there is an addition charged by the investment fund managers of around 0.2% and the market spread on buying and selling portfolios is on average 0.07%. More information on fees and products can be found here.
- Low account fee of 0.75%
- Part of J.P. Morgan
- Simple pre-made portfolios
- £500 minimum investment
- No individual funds
Research & Analysis
- Expert opinion: Nutmeg reviewed & rated