Is my money protected with Nosso?

Nosso allows you to access investments and with all investments, the value of your investments can go up as well as down.

Our investment portfolios are managed by BlackRock, one of the biggest money managers in the world responsible for managing over £6trillion of assets.

What happens if Nosso goes into Administration?

Your investments are held with WealthKernel who act as custodian for our customers' money. They hold your cash and investments separately from their own (ring-fenced) in accordance with the FCA's client asset rules, so even if Nosso went into administration, our creditors would not have a claim to your investments.

On top of this, your money is also covered up to £85,000 by the UK Financial Services Compensation Scheme (FSCS) should Wealthkernel go into administration. Note: this does not cover drops in the value of your investments.

How is my money invested?

The funds we offer are passive globally diversified ESG for three different risk levels managed by Blackrock. They've existed for less than a year now so difficult to give historical returns, but for comparison the funds that are similarly set up and used for comparison have have averaged an annual return of 4.66%, 7.65% and 9.74% over a 5 year period that we have data on (30/09/2015 – 30/09/2020).

We also offer you the ability to allocate 10% of your investments towards a specific theme.

Can I change my risk level or investment theme?

Yes, tap into the goal and then the product you're trying to edit (e.g. JISA or GIA). You'll then get taken to a screen showing your performance graph.

Tap on the three dots in the top right hand corner of the page. Select the option you want and then follow the instructions. Changes can take up to 5 business days to take effect as they require the selling and purchasing of investments.

Can I change my product?

Certain products, like the Junior stocks & shares ISA, do not allow withdrawals meaning you can't change the product with any money you've already invested.

Can I stop investing?

Yes, with all our products you can pause your ongoing contributions whenever you want. You can also move from investment based products to cash based products at any point. In these cases we'll need to sell your shares which can sometimes take a few days.

Don't forget, when you invest your money is at risk. You might end up with more than you put in - or you might end up with less. Remember, past performance doesn’t guarantee how well an investment will do in the future. The performance is not subject to Nosso’s fees which once charged would reduce the return you received.