Nutmeg – Pension Transfer Offer - Promotional Terms & Conditions

The Offer

1. The following terms and conditions apply to this Transfer Offer Promotion (the “Promotion”).

2. As part of this Promotion, if you transfer a pension to Nutmeg Saving & Investment Limited (“Nutmeg”) you will receive:

 (a). a reward of £100 cashback (the “Reward”).

3. To receive the Reward, the “Minimum Transfer Amount” is £1,000.

4. The main agreement between you and Nutmeg is set out in the Nutmeg Standard T&Cs, which are available here. The terms set out below are the “Promotional Offer T&Cs”. The Promotional Offer T&Cs set out additional terms, including some terms which amend the Nutmeg Standard T&Cs. You should read both sets of T&Cs before redeeming the Reward.

5. The capitalised words in these Promotional Offer T&Cs have the same meaning as in the Nutmeg Standard T&Cs, unless they are expressly given a different meaning here.

6. If there is an inconsistency between (a) the Promotional Offer T&Cs; and (b) the Nutmeg Standard T&Cs, these Promotional Offer T&Cs will apply.

7. By completing the pension transfer request in accordance with paragraph 13 below, you are agreeing to be bound by these Promotional Offer T&Cs and the Nutmeg Standard T&Cs.

Availability 

8. The Promotion will run from 00:01 on 3rd October 2022 to 23:59 on 31st December 2022 (the “Promotion Period”).

9. This Promotion is open to new and existing customers who wish to transfer an existing pension from another provider to Nutmeg.

(a). Existing customers are individuals who are Nutmeg customers that have opened an account before the 3rd October 2022.

(b). New customers are individuals who:

(i). Have not invested with, or used the services of Nutmeg before; and

(ii). Meet the eligibility requirements in Sections 1.1 and 1.2 of the Nutmeg Standard T&Cs, at the date of opening a Nutmeg account; and

(iii). Will be transferring an existing pension into a Nutmeg Pension.

10. This offer cannot be claimed:

(a). in conjunction with any other Nutmeg offer, or promotion; or

(b). to transfer a defined benefit pension scheme into a Nutmeg Pension; or

(c). to transfer any eligible product into a Nutmeg 100%-cash pot. 

11. The Promotion is limited to one Reward per customer.

12. You must transfer only one pension from another provider. You cannot transfer multiple pensions to meet the Minimum Transfer Amount.

Accepting the Reward

13. To accept Nutmeg’s offer, and receive the Reward, you must do each of the following things during the Promotion Period:

(a). Open a Nutmeg Pension and complete a pension transfer request; and

(b). Ensure the transfer you wish to initiate meets the Minimum Transfer Amount.

When and how the Reward will be paid

14. The Reward will be paid to your account within three (3) months of the completion of your pension transfer and the funds in your Nutmeg Pension first being traded.

15. In every case:

(a). The Reward will be left in 'un-allocated cash' and you will be notified via Nutmail that you have cash waiting for allocation. You can then choose which product to allocate this cash to, or submit a request to withdraw the ‘un-allocated cash’.

(b). PLEASE NOTE: If you wish to allocate the Reward amount to your Nutmeg Pension you will first need to withdraw the Reward from ‘un-allocated cash’. The Reward will then be transferred to the bank account associated with your Nutmeg account. You can then make a contribution to your Nutmeg Pension by direct debit.

General

16. Nutmeg cannot be held responsible for any issue or delays in transferring your Pension caused by the ceding provider.

17. In addition to its rights in the Nutmeg Standard T&Cs, Nutmeg reserves the right to change, terminate or withdraw the Promotion at any time without prior notice to you in cases of:

(a). suspected abuse, fraud or violation of its rules; or

(b). your failure to comply with any obligations under these Promotional Offer T&Cs ; or

(c). unexpected operational constraints.

Where this Promotion is changed, terminated or withdrawn in accordance with this paragraph 17, these Promotional Offer T&Cs will no longer apply.

18. Nutmeg charges management and other fees. The details are available here.

19. These terms and conditions shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales.

Nutmeg Saving and Investment Limited is authorised and regulated by the Financial Conduct Authority, whose address is 12 Endeavour Square, London E20 1JN, www.fca.org.uk. Our firm registration number is 552016. Nutmeg is covered by the Financial Services Compensation Scheme. There is more information about this in our Standard Terms and Conditions