Investment & Investing

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andyp in reply to @Tenderloin

They don’t seem to provide any details on what fund(s) your money is invested in though. Which would concern me.

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useless in reply to @andyp

Nutmeg seem to suggest here that the typical fund fees (which are in addition to the management fee they're zeroing for the first year) are 0.21%-0.36%

For comparison VUSA (the S&P 500 ETF offered by Vanguard) charges 0.07%, and 0.2% puts you in the vicinity of their LifeTracker managed funds.

I'm not sure what the point is of having Nutmeg doing algorithmic management of managed funds when they could just buy the stocks or ETFs directly.

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Tenderloin in reply to @useless

I'd only have the money in it for 12-18m so thinking that even less the fees it still works out well

£500 cashback vs £165 in fees for the year

I could just add it into Vanguard isa but over the short period thought the cashback part made sense as with 2 x 20k Isa's would give a £700 headstart

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