KPMG Compliant Portfolios

Our expert investment team individually select investments to comply with KPMG's independence rules and fully manage your portfolio for you. We’ll keep you up to date with the latest market insights and how your pot is performing.

With investment, your capital is at risk. Learn what we mean by risk.

Terms and conditions apply

To invest in a KPMG compliant portfolio, enter your KPMG email address below, and use the same email to register for your Nutmeg account. Failure to do so could risk your funds being invested in a non-compliant portfolio. If you are a partner/spouse or immediate family member of a KPMG employee, please contact us for further details.

To ensure you’re invested in a compliant portfolio you must

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Choose Fully managed as your investment style

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Use your
KPMG email address

By accessing Nutmeg’s services through this webpage, you will be investing your money in a Nutmeg K portfolio, comprising investments which have been individually selected to comply with KPMG’s requirements. You will be able to select your own risk appetite for those investments.

Nutmeg is in regular contact with the KPMG Independence Compliance System team (KICS) and the status of your investments is monitored regularly. When you first invest in a Nutmeg K portfolio you need to ensure that the “UNITED KINGDOM NUTMEG K PORTFOLIO ACCOUNT” (brokerage account) is reported in your KICS account. This entry does not require updating for any subsequent changes to your Nutmeg K portfolio. Fixed allocation portfolios, Smart alpha portfolios and Socially responsible portfolios are not available as Nutmeg K portfolios.

With investment, your capital is at risk. The Nutmeg KPMG portfolio investments conform with KPMG restrictions and will therefore have some different investments compared to our normal Fully managed portfolios. The performance and investment fund costs & charges may vary as a result. Model portfolios shown during on-boarding will not demonstrate the underlying assets in an appropriate independent portfolio. These portfolios simply illustrate the likely asset allocations for your risk tolerance.

Why choose Nutmeg?

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Take control

Choose the risk level that is right for your goals and preferences.

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Stay on track

See how your pot is performing and exactly where you’re invested.

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Trust the experts

Our expert investment team will manage your investment for you and keep you updated.

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We offer free financial guidance to all our investors, and we can help you to understand how our KPMG portfolios are set up.

Book a free call

Our products

All of our products are designed to help you reach your financial goals, whether it's a retirement in the sun or a modest starter home.

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Pension

An easy to use, easy to track personal pension with 25% government top-up on your contributions.

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Lifetime ISA

Make use of your 25% government bonus when investing for your first home or retirement.

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General investment

A simple, flexible general investment account with no limits on how much you can contribute.

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Stocks and shares ISA

Tax-free returns on contributions up to £20,000 each tax year. Investing made easy.

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Junior ISA

After a parent or guardian has opened a Junior ISA, anyone including parents, friends and family can contribute up to a total of £9,000 each tax year. The named child can manage the account from 16 and access the funds when they turn 18.

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Fully Managed portfolio fees

Annual costs and charges

Nutmeg fees: 0.75% up to £100k, 0.35% beyond
+Average investment fund cost: 0.21%
+Average market spread: 0.08%

Terms & Conditions

Effective from 12 January 2024

Introduction

1. Nutmeg Saving and Investments Limited (“Nutmeg”) provides specially constructed investment portfolios, comprising investments which have been individually selected to comply with KPMG LLP (“KPMG”) independence rules. These portfolios are referred to in these T&Cs as a “Nutmeg K-Portfolio”.

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2.  The Nutmeg Standard T&Cs, as amended and supplemented by these Nutmeg K-Portfolio T&Cs, contain the terms that apply to Nutmeg’s services and your Nutmeg K-Portfolio. Together, they form the legal contract between you and us. You should read both sets of T&Cs before applying for a Nutmeg K-Portfolio. The capitalised words in these Nutmeg K-Portfolio T&Cs have the same meaning as in the Nutmeg Standard T&Cs, unless they are expressly given a different meaning here. Should a conflict arise between these terms and the Nutmeg Standard T&Cs, these terms shall prevail.

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3. By accessing Nutmeg’s services through this webpage and in accordance with paragraph 7 below, you are agreeing to be bound by these Nutmeg K-Portfolio T&Cs and the Nutmeg Standard T&Cs. You will be investing your money in a Nutmeg K-Portfolio and you will be able to select your own Investment Parameters for your Nutmeg K-Portfolio, as described further in section 4 of the Nutmeg Standard T&Cs.

 

Who are Nutmeg K-Portfolios available to? 

4. The Nutmeg K-Portfolios are only available to KPMG Clients (as defined in paragraph 5 below) opening a Stocks and Shares ISA, a Junior ISA, a General Investment Account, a Lifetime ISA and a Personal Pension Account with Nutmeg.

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5. “KPMG Clients” are individuals who, in addition to meeting the eligibility requirements in sections 1.1 and 1.2 of the Nutmeg Standard T&Cs:

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a.    at the time of opening a Nutmeg account are employed by, contractors of, or are members of, KPMG (“KPMG Personnel”) or a Closely Associated Person of KPMG Personnel; or 

b.    an existing Nutmeg customer and you are also, or later become, employed by, a contractor of, or are members of, KPMG or a Closely Associated Person of KPMG Personnel.

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Closely Associated Person(s)” means a person who is closely associated with a member of KPMG Personnel by virtue of being an immediate family member of such person. A person shall be considered an immediate family member if they are: (i) the spouse, spousal equivalent or financial dependent of the member of KPMG Personnel; or (ii) are otherwise a family member who is living in the same household as the member of KPMG Personnel.

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6. If you are an existing Nutmeg customer and you are also, or later become, a KPMG Client, Nutmeg can switch your existing portfolio into a Nutmeg K-Portfolio. Once your existing portfolio is switched into a Nutmeg K-Portfolio these Nutmeg K-Portfolio T&Cs, along with the Nutmeg Standard T&Cs, will apply.

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Setting up your account and declaring your investments 

7. In order to invest in a Nutmeg K-Portfolio and for your account to be set up correctly, in addition to the requirements at section 1.1 of the Nutmeg Standard T&Cs, you must follow the Nutmeg K-Portfolio sign up process and select ‘Fully Managed’ as your investment style.

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8.  The Nutmeg K-Portfolios are only available in the ‘Fully Managed’ Investment Style. They are not available, and cannot be managed as:

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a.    ‘Fixed Allocation’ portfolios;

b.    ‘Socially Responsible Investing’ portfolios;

c.    ‘Smart Alpha’ portfolios; or

d.    ‘Thematic investing' portfolios.

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KPMG Personnel must provide their KPMG email address as part of the sign up process. Closely Associated Persons must also contact us at support@nutmeg.com to provide us with the KPMG email address of the KPMG Personnel they are closely associated with. If KPMG Personnel or Closely Associated Persons do not provide us with a KPMG email address we are unable to ensure you are invested in a Nutmeg K-Portfolio.

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9. Notwithstanding section 5.3 of the Nutmeg Standard T&Cs, we will only enter into arrangements and transactions on your behalf that are permissible under the KPMG independence rules, as explicitly notified to us by KPMG.

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10. By accepting these Nutmeg K-Portfolio T&Cs, you authorise Nutmeg to share with KPMG information about your investments in the Nutmeg K-Portfolio to allow the required monitoring as prescribed by KPMG independence rules.

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11. In accordance with the KPMG independence rules, when you first invest in a Nutmeg K-Portfolio, you will need to ensure that the “UNITED KINGDOM NUTMEG K PORTFOLIO ACCOUNT” (brokerage account) is reported in your KPMG Independence Compliance System account.

Charges 

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12. The Nutmeg K-Portfolios will have some different investments compared to our normal Fully Managed portfolios. Sections a. to c. of Schedule J (Schedule of fees and charges) of the Nutmeg Standard T&Cs will therefore not apply to the Nutmeg K-Portfolios. The performance and investment fund costs & charges may also vary as a result.

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13. The Nutmeg K-Portfolio investments will be charged an annual management fee of 0.75% up to £100k and 0.35% thereafter, incl. VAT per annum.

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14. If you are an existing Nutmeg customer and you are required to switch to a Nutmeg K-Portfolio, you may be charged a different annual management fee depending on the Investment Style of your previous portfolio. As part of the switch, you may also incur additional costs, such as market spread costs. You can find more information on costs and charges.

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What happens when you are no longer a KPMG employee/member? 

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15. Nutmeg will build and manage the Nutmeg K-Portfolio for KPMG Personnel, while they remain employed by the firm.

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16. If you cease to be a KPMG Client you must notify Nutmeg. You can also let us know if you would like to:

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a.    terminate the agreement in accordance with section 20 of the Nutmeg Standard T&Cs; or 

b.    switch your investment portfolio to a standard Fully Managed or other investment style. 

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17. If you switch your investment portfolio in accordance with 16(b) above, these Nutmeg K-Portfolio T&Cs will no longer apply and your investments will be managed only in accordance with Nutmeg Standard T&Cs. You must ensure you adjust your KPMG Independence Compliance System account accordingly and report all securities individually in the KPMG Independence Compliance System.

PDF Version

Download a copy of these terms and conditions.