24 August 2021
The Weekly

John Lewis has teamed up with UK digital wealth manager Nutmeg to launch its first investment and saving services for customers. The British department store chain will be launching three products: a junior ISA, a stocks and shares ISA, and a general investment fund. The company said the products all invest in funds with high Environmental, Social, and Governance (ESG) standards, meaning customers’ money focuses on businesses that score highly in the areas of carbon emissions, climate change, renewable energy, social impact and ethical practices. Customers can start investing with a minimum of £100 and choose a timeframe and risk level that suits them. According to a survey conducted with 2,000 UK adults on behalf of John Lewis by OnePoll, more than half (52%) of people say the pandemic has made them reassess how they spend and save. The survey showed that 72% of people would consider investing in stocks and shares, but 59% were put off because they didn’t know how to go about it.