Chase to Integrate Nutmeg's Investment Features

JP Morgan's UK banking arm Chase has overhauled its app with a new design that lays the groundwork for its push into the investment space.

The new app's 'Save & Invest', which at the moment is just Chase's savings account and roundups, also has a tile dedicated to Nutmeg, the robo-investment platform that JP Morgan acquired in 2021.

The tile announces that investments from Nutmeg are coming soon, with users being able to sign up or link their existing Nutmeg account and see their investment pots there. In an email to customers, Chase also explained that the feature is 'coming soon', although no precise timeframe was given. Given the prominent placement of Nutmeg now within the Chase app, it's likely that full integration is planned for early 2023.

Nutmeg offers an extensive range of investment offerings, including ISAs , general investment accounts and pensions. It launched in 2012 and now has 140,000 investors and GBP 3.5 billion of assets under management (AUM).

(Source: The Paypers)