Updated September 28, 2026 · SumCue Editorial Team
Nutmeg vs Police Friendly
Nutmeg
Higher score in this comparison
Police Friendly
Nutmeg vs Police Friendly: the differences
| Compare | NutmegReviewSee alternativesSee alternatives | Police FriendlyReviewSee alternativesSee alternatives |
|---|---|---|
| Minimum deposit | £500 | £50Lower |
| Markets | ETFs, Funds, Stocks, BondsCovers more | Stocks, Funds |
| Regulators | Financial Conduct Authority | Financial Conduct Authority / Prudential Regulation Authority |
| Deposit and withdrawal fees | no set-up, trading or exit fees | 25% government charge on non-qualifying withdrawals |
| Account types | ISA, SIPP | ISA, Lisa, Jisa |
| Stock trade fee | £0 | Not confirmed |
| Platforms | Web, Mobile app | Not confirmed |
Same on both: Investor protection (FSCS up to GBP 85,000).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Nutmeg scores higher overall: 9.2 vs 9.0.
- Regulators: only Nutmeg offers Financial Conduct Authority.
- Regulators: only Police Friendly offers Financial Conduct Authority / Prudential Regulation Authority.
- Founded is lower at Police Friendly: 1893 vs 2012.
- Minimum deposit is lower at Police Friendly: £50 vs £500.
- Markets: only Nutmeg offers ETFs, Bonds.
- Account types: only Nutmeg offers SIPP.
- Account types: only Police Friendly offers Lisa, Jisa.
- Support channels: only Nutmeg offers Chat, Help centre.
Our verdict on each
Nutmeg
Nutmeg keeps the running cost of a managed portfolio low and the paperwork light, which suits UK savers who want an ISA or SIPP without choosing investments themselves. The catch sits in the entry bar: the minimum deposit is £500 and fees of 0.25% to 0.75% a year apply.
Police Friendly
Police Friendly runs a UK stock and shares ISA, LISA and JISA range from £50, run by Metropolitan Police Friendly Society Limited. It suits savers building a tax sheltered pot in stocks and funds who value a named legal entity and FSCS cover, and who can leave the money invested.
Score breakdown
| Area | Nutmeg | Police Friendly |
|---|---|---|
| Cost | 9.2HigherCosts are the management fee of 0.25% to 0.75% a year, with trading adding £0 and no set-up, trading or exit fees. | 8.7Opening a stocks and shares ISA, LISA or JISA needs £50, and a non qualifying withdrawal carries 25% government charge on non-qualifying withdrawals. |
| Offer | 9.5Higher | 9.0 |
| Trust | 9.1 | 9.2Higher |
Where they rank in our lists
| Ranking | Nutmeg | Police Friendly |
|---|---|---|
| Investing | 133 of 654 | 210 of 654 |
| Stock and ETF brokers | 94 of 358 | 153 of 358 |
| Stocks and shares ISAs | 5 of 25 | 7 of 25 |
Feature by feature
| Markets | Nutmeg | Police Friendly |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | No |
| Bonds | Yes | No |
| Funds | Yes | Yes |
| Account types | Nutmeg | Police Friendly |
|---|---|---|
| ISA | Yes | Yes |
| SIPP | Yes | No |
| Lisa | No | Yes |
| Jisa | No | Yes |
Sources behind this comparison
Nutmeg
- nutmeg.com: 5 facts, checked September 26, 2026
- investing-reviews.co.uk: 3 facts, checked September 26, 2026
- register.fca.org.uk: 2 facts, checked September 26, 2026
- compareandinvest.co.uk: 1 fact, checked September 26, 2026
- jpm-personal-investing-marketing.cdn.prismic.io: 1 fact, checked September 26, 2026
Police Friendly
- policefriendly.org.uk: 10 facts, checked September 26, 2026
Every fact side by side
| Fact | Nutmeg | Police Friendly |
|---|---|---|
| Features | Mobile app | Not confirmed |
| Pricing model | Commission free | Not confirmed |
| Legal entity | J.P. Morgan Personal Investing Limited | Metropolitan Police Friendly Society Limited |
| Headquarters | United Kingdom | United Kingdom |
| Founded | 2012 | 1893Lower |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Phone |
Where each stands against the rest
| Fact | Nutmeg | Police Friendly | Median |
|---|---|---|---|
| Minimum deposit | £500highest quarter | £50above the median | £15 |
| Stock trade fee | £0at the median | Not confirmed | £0 |
Median across 24 listed providers.
Pros and cons
Nutmeg
Pros
- Trading adds £0, and set-up, trading and exit fees do not run on the account, so moving money in or out costs nothing extra.
- Regulated by the Financial Conduct Authority, with investor protection of FSCS up to GBP 85,000 behind the balance.
- Support runs on email, chat and phone, so help is available by phone and live chat as well as in writing.
Cons
- A £500 minimum deposit and a minimum investment of £100 to £500 put Nutmeg above Axos Invest, which lists $100.
- A quarter of robo-advisors charge 0% in management fees, so fees of 0.25% to 0.75% a year are not the lowest rate around.
- Account choice is limited to isa and sipp, with no general investment account in the range.
Police Friendly
Pros
- Three tax sheltered options in one place: an ISA, a LISA and a JISA
- Low entry point at £50 to open
- Stocks and funds available to invest through stocks and funds
Cons
- A non qualifying withdrawal is hit by 25% government charge on non-qualifying withdrawals
- Investments are limited to stocks and funds, with no wider market list given
- Support runs on email and phone only
Who each suits
Nutmeg
Who it suits
- UK beginners who want an ISA or SIPP opened without choosing individual investments.
- Savers who can fund a £500 deposit and hold the account for years rather than months.
- People happy to hand asset allocation to an algorithm across the etf, esg and cash range.
Who should look elsewhere
- eToro, which lists a management fee of 0%, if the annual charge is the number that decides it.
- Axos Invest, where a starting amount of $100 suits anyone below the £500 deposit Nutmeg asks for.
- Empower Personal Dashboard for savers who want 0% management fees rather than 0.25% to 0.75% a year.
Police Friendly
Who it suits
- UK savers building a tax sheltered pot for the long term
- Parents saving for a child through the JISA account type
- Savers who want a named legal entity behind the account
Who should look elsewhere
- People trading shares frequently, since investable markets run to stocks and funds
- Anyone likely to need the money early, because of 25% government charge on non-qualifying withdrawals
Current offers
Nutmeg
Current offer
Bonus
Earn £100 when you invest £1,000: GBP 100 cash reward
Invest at least £1,000 in one payment into a General Investment Account, Stocks and Shares ISA, Lifetime ISA, Junior ISA or Personal Pension and keep it invested for at least 6 months; new contributions only, transfers excluded; reward paid as unallocated cash within 55 days; new clients only, cannot be combined with other new-client offers
Source, checked September 26, 2026
Police Friendly
Current offer
Bonus
Open a Lifetime ISA - Earn up to GBP50 in Gift Cards: Up to GBP50 gift card
Pay GBP100 or more per month, or GBP50+ with Escalator; GBP30-99 gets GBP25; quote AUTUMN26
Source, checked September 26, 2026
Country by country
| Country | Nutmeg | Police Friendly |
|---|---|---|
| United Kingdom | Yes | Yes |
Questions about each
Nutmeg
What does Nutmeg cost to run?+
The yearly cost is a management fee of 0.25% to 0.75% a year, taken from the account. Trading adds £0, and set-up, trading and exit fees do not run on the account, so moving money in or out costs nothing extra. That annual charge is the number to compare across robo-advisors.
How much do I need to open an account?+
The minimum deposit is £500, and once the account is open the minimum investment is £100 to £500. The deposit is the amount the account has to start with, while the investment range covers the size of a single contribution or holding. Contributions above the minimum can be added as the balance grows.
Police Friendly
What accounts can I open with Police Friendly?+
You can open an individual savings account, a lifetime individual savings account or a junior individual savings account. The range is listed at isa, lisa and jisa. The account runs under Metropolitan Police Friendly Society Limited.
How much do I need to put in to start?+
The minimum deposit is £50, which is a low starting point for a tax sheltered account. Once the account is open you can invest that money in the assets listed at stocks and funds.
Other options to compare
Other matchups
Nutmeg
Police Friendly