Nick Hungerford

I am very pleased to announce the appointment of Martin Stead as the new CEO of Nutmeg.

An independent report by respected financial consultancy The Lang Cat reveals the true cost of investing. The data also identifies some of the best – and worst – providers when it comes to the fees you are likely to pay on your stocks and shares ISAs and other investment products.

At Nutmeg our mission is to make smart, professional investing available to everyone, no matter how much or how little you have to invest. Now, you can invest with just £500 (plus monthly contributions of £100 for portfolios below £5,000).

Here at Nutmeg, we’re all about making smart investing available to everyone. Now we’re bringing our message to even more people across the UK with our new TV campaign “Just Nutmeg it”.

Independent research from Numis Securities has exposed the fees for discretionary fund management in the UK. It makes for pretty shocking reading. We dug a little deeper into the numbers and found that expensive fees could cost you almost 40% of your portfolio’s value over 20 years.

In an industry that is swimming in complex narrative and unwieldy jargon, there’s something quite wonderful about keeping things simple.

It’s an inescapable truth that the UK is facing a crisis of an ageing population. With the current issues blighting the pensions system, it’s becoming less likely that anyone currently under the age of 45 will be able to rely on the state pension to provide their income in later life.

Last year’s Autumn Statement delivered good news for UK savers and investors with the Chancellor revealing that new inheritance rules will ensure ISAs retain their tax benefits when passed on.

The wealth gap between generations is growing at an alarming rate. Young British adults, ‘Generation Y’ – in the face of low salaries, student debt and extortionate house prices – are becoming ever more reliant on the bank of mum and dad. It’s a trend that I believe will only continue, with more and more families pulling together, living as one, and combining their earnings and investments to map out their financial security as one.

Without doubt, the investment management industry is finally waking up to the digital revolution. Thank goodness!

I’m delighted to announce that Nutmeg has secured $32 million in investments from a group of new shareholders who share our desire to shape the future of the finance industry and grow the company.

As the rate of inflation falls within the Government’s 2% target for the first time in four years, the key questions remain: How does this actually impact consumers’ spending power, and what does it mean for those looking to make the most of their savings and investments?