Online investment manager Nutmeg has temporarily cut its fees to entice new customers.
Clients who invest with Nutmeg before 17 February will receive a year-long reduction in their portfolio management fees, as follows:
|Special offer fee||0.90%||0.75%||0.60%||0.50%||0.30%||0.30%|
Existing customers will be offered the same fees for a six-month period if they transfer an ISA to Nutmeg by 8 March.
Nick Hungerford, Nutmeg’s founder (pictured), commented that he was ‘committed to keeping our portfolio management fee as low and as easy to understand as possible’.