Nutmeg to cut fees and launch low cost products

As competition intensifies

clock • 2 min read

Robo-adviser Nutmeg is to cut fees and launch a new range of low-cost products next week in order to attract more customers.

From Monday annual fees on the platform's ready-made investment portfolios will drop to 0.35% from 0.5% for investors with more than £100,000, the FT reported.  The move will apply to existing customers as well as new ones, although existing customers with very high value portfolios will retain their existing fee structure. Customers with less than £100,000 to invest will pay 0.75% a year, while those with more than £500,000 will stay on their same annual management fee of 0.3%. Existing customers will be moved to the new fee structure if the new charges are cheaper than the curren...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Tatton records 5% uptick in IFA numbers reaching 1,170

Tatton records 5% uptick in IFA numbers reaching 1,170

Perspective contract ends January 2026 but asset manager confident in AUM target

Isabel Baxter
clock 14 October 2025 • 1 min read
Titan Wealth to acquire £2.2bn AUM international advice firm Blacktower Group

Titan Wealth to acquire £2.2bn AUM international advice firm Blacktower Group

Deal will see it merged into Titan Wealth International

Isabel Baxter
clock 13 October 2025 • 2 min read
IFA told to compensate client over cyber breach

IFA told to compensate client over cyber breach

Updated: Fraudsters breached third-party platform, business alleges

Isabel Baxter
clock 13 October 2025 • 4 min read