News in brief:
Nutmeg offering 5,000 – 10,000 Avios if you are referred
Nutmeg is an innovative online wealth management service which offers a fully managed, discretionary, investment service at a far lower cost than its competitors. If you are using St James’s Place, Hargreaves Lansdown etc then the Nutmeg fee structure of 0.3% – 0.95% should be of interest.
Using exchange-traded funds, Nutmeg offers no set fees, no transaction fees, no trading fees, no exit fees and no commission. You only pay your annual management fee. Your Money voted them the ‘best online Stocks and Shares ISA provider’ for 2015.
Nutmeg has launched a special bonus with Avios which can earn you up to 10,000 Avios for opening an account. Full details are here.
What No 1 Traveller is doing at Gatwick North
There has been some confusion online about what is happening underneath the No 1 Traveller lounge at Gatwick North in the old Delta Airlines lounge space.
This confusion wasn’t helped when HFP stated, incorrectly, on Sunday that British Airways was fitting out the space as a temporary lounge to relieve pressure on the No 1 Traveller facility.
This is what is actually happening. No 1 Traveller has taken over the space previously occupied by Delta. This is being converted into its Clubrooms concept – you may remember that I was very enthusiastic when I reviewed the Clubrooms in Gatwick South last year.
Clubrooms allow both large and small groups, from families up to large tour groups, to book a private lounge space of their own or share an exclusive small communal lounge. The full range of No 1 Traveller food and drink is available to order.
As per their website:
The Clubrooms provides the ultimate jet set departure with its hosted table service, hot seasonal dishes freshly prepared in the kitchen, and wide range of wines, beers and spirits. It’s a tranquil retreat with a personal service to match. As the highest tier lounge in the No 1 collection, Clubrooms offers a sophisticated and understated elegance which is perfect for individuals or groups jetting away for a special trip.
The Gatwick North facility is due to open in early April. Some British Airways passengers, presumably ticketed First Class and possibly Gold card holders, will be allowed to use the Clubrooms. It is worth noting, at Gatwick South, that children under 12 are not allowed unless a private room is booked.
About Head for Points
Happy to refer anyone if helpful. The Nutmeg interface is very slick though as one may expect given recent market performance in general, Nutmeg performance has been anemic (read negative). As with other similar investments definitely something where a long term investment horizen is prudent.
Happy to help with a Nutmeg referral. Steveuk75 [at] Gmail [dot] com
The Nutmeg fee structure, even though recently revised, is still considered expensive in the industry.
Yep, the 0.3% management fee is only triggered at £500,000, and fund fees are on top of that.
0.95% is steep when there’s no advice.
Happy to refer anyone. For iSA wrappers etc nutmeg is a v economical option – low fees and easy to use
Well its about time BA did something for First Class passengers travelling vis Gatwick, the current arrangements are a joke and their attitude towards anyone who says they are not happy is appalling. How they can can have the gall to claim that the vastly overcrowded (thanks to BA!) No 1 Lounge is anything like a First Class experience is beyond me.
Yeah, I got in the lounge at 5:50 this morning and it was already pretty crowded. By 6:30 it was full! One passenger asked about needing to pay for champagne – the guy at the bar said that BA chose not to include it in the contract! Could have at least given out vouchers to F/GCH passengers…
As an investment the nutmeg fees are expensive. As an avios earning opportunity, it’s risky as a less than 2% decrease in the market over the year would mean you’ve lost out (assuming min investment, nutmeg fees, av. underlying fund fee and avios at 1p). I’m not a taker.
Not sure if you knew already before my comment on the previous article, but glad to see you got your story straight. 🙂
I saw that comment, didn’t respond but the No 1 dropped me a note.
OT (apologies) – not sure if this has already been mentioned by someone else but the charge for my Curve Card hit my credit card on Sunday (showing at the moment just as ‘WorldPay’).
Looking for opinions: is the Virgin Money Stocks and Shares ISA a better deal, if your main objective is earning some miles?
Yes, purely because you can pop in £1000 and get the miles within a week – although you still have some risk of capital loss.
OT: Rob any info on the ‘regular’ every 9/10 months hotel points to BAEC bonus? I’m pretty sure the last one was in May last year.
Secondly, is anyone aware if the one change every 6 months rule with BAEC HH accounts is the same with avios HH accounts?
Thanks
No, I’ve heard nothing
OT refund of APD for 12-15s after March 1st
Has anybody had any success in claiming this back from avios.com? Just had an unhelpful guy on the phone who says because they are RFS flight, no APD has been paid or is refundable for 2 of my kids in the right age bracket (flying out this week). Surely this is wrong?
Anyway, rattled off an email so let’s see.
BA themselves make clear that they would be refunding the APD for our situation http://www.britishairways.com/en-gb/information/family-travel/air-passenger-duty
Am I due a refund?
If you are travelling with 12-15 year olds (who are at least 12 and under 16 years old on the date of departure), you may have been charged the adult APD and be eligible for a refund in the following circumstances:
•flight-only bookings – booked before 30 Sep 2015 AND travel from 1 March 2016 in economy
•flight packages (flights booked with a hotel, car rental, experience or transfer) – booked before 25 February 2016 AND travel from 1 March 2016 in economy
•Executive Club reward flights (paid with Avios) – booked any time AND travel from 1 March 2016 in economy
***
But of course BA won’t refund us as we booked through avios.com.
Anybody know a FT thread for this perhaps?
Almost dropped an email to HfP when this came into my inbox, but wasn’t sure if it was ‘in scope’ for the site 🙂
Joined nutmeg about 18 months ago. It was all going well until the markets started to tumble. It seems to have recovered somewhat now though, I’m basically back at where I started.
Maybe not the best advert for it, but if anyone does want to dip their toe in and would like to be referred for 5k Avios, just drop me an email to hfpc [at] alfarombombo.co.uk