Provider fees

Nutmeg (JP Morgan) pension fees and charges

Last verified: Q2 2026 · Source: provider fee page

Direct answer: Nutmeg (JP Morgan) charges 0.75% on first £100k, 0.35% above for Fully Managed, Thematic, Smart Alpha, Socially Responsible and Income portfolios; Fixed Allocation is 0.45% / 0.25%.. On a £100,000 pot that is £750/year in annual provider/platform fee, and on a £500,000 pot it is £2,150/year. Fund charges and product-specific caveats may apply.

Fee model

0.75% on first £100k, 0.35% above for Fully Managed, Thematic, Smart Alpha, Socially Responsible and Income portfolios; Fixed Allocation is 0.45% / 0.25%.

Percentage (varies by portfolio type) · SIPP available · Retail only

Annual representative charge by pot size

Representative provider/platform charge. Fund charges and adviser charges may be additional unless the provider note says they are included: 0.16%–0.39% on top of the management fee (varies by portfolio style)

Note: Fees shown use the fully managed portfolio rate (0.75%, dropping to 0.35% above £100k). Thematic, Smart Alpha, Socially Responsible and Income Investing all charge the same management fee. Fixed Allocation is cheaper at 0.45% / 0.25%. Fund costs (0.16% Fixed Allocation – 0.39% Income) and a ~0.04% market spread apply on top. Nutmeg rebranded to J.P. Morgan Personal Investing in November 2025.

Nutmeg was the UK's first robo-adviser and is now owned by JP Morgan. The platform builds a diversified portfolio based on your risk profile and manages it automatically. The 0.75% fee for the fully-managed service is high by SIPP standards — add fund costs and you're paying ~1% total, which is more than double what a Vanguard LifeStrategy fund costs on Vanguard's own platform. Nutmeg's value proposition is convenience and professional portfolio management. The fixed allocation option at 0.45% (dropping to 0.25% above £100k) is more competitive. Nutmeg is suited to investors who want a managed approach without the cost of a financial adviser, but who don't mind paying more than DIY platforms.

Strengths

+Fully managed portfolios — no investment decisions needed
+JP Morgan backing
+Clean interface and app
+Socially responsible options

Limitations

–Expensive — 0.75% + fund costs for managed
–No individual fund or share selection
–Less control than self-directed platforms
–Lower-cost alternatives exist for passive investors

Details

Fund rangePre-built portfolios only — no individual fund or share selection

Minimum investment£500

Typical fund OCF0.16%–0.39% on top of the management fee (varies by portfolio style)

SIPP/direct pensionSIPP available

Compare Nutmeg pension fees with

Nutmeg vs PensionBee Nutmeg vs Vanguard Nutmeg vs InvestEngine

Nutmeg pension fees FAQ

What are Nutmeg (JP Morgan) pension charges in 2026?

Nutmeg (JP Morgan)'s representative published charging model is: 0.75% on first £100k, 0.35% above for Fully Managed, Thematic, Smart Alpha, Socially Responsible and Income portfolios; Fixed Allocation is 0.45% / 0.25%.. The figures on this page show provider/platform/admin charges by pot size. Fund charges, adviser charges, workplace terms and product-specific charges may differ, so check the provider fee schedule before acting.

All providers

HL Vanguard ii AJ Bell PensionBee Fidelity Aviva NEST InvestEngineNutmegRoyal London Sc. Widows Std Life L&G Aegon

Things to consider

•Fees shown are representative provider, platform or admin charges. Some rows are platform/admin fees only; Royal London's Governed Range AMC includes Royal London fund management.
•Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
•The lowest headline fee is only one comparison point. Fund range, service, platform features, investment choice, adviser access, and product restrictions also matter.
•Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
•This page is factual information based on published fee schedules, not a recommendation to use or avoid any provider.
•For personal recommendations, speak to an FCA-regulated financial adviser and check the FCA register.

This provider comparison is general information based on published charge schedules, not financial advice or a personal recommendation. Verify current fees and product terms with the provider and check FCA authorisation before acting.