Nucleus CEO David Ferguson believes the IFA-owned platform is beginning to achieve major traction in the UK market, with the wrap taking in about 35% of the inflows achieved by giant Skandia in the first half.
Skandia today revealed its platform generated net inflows of £1.9bn over the period, up 171% on the same period last year. When compared to Skandia, Ferguson says the Nucleus figures makes for "happy reading". "Half year net inflows of Nucleus were 35% of what Skandia achieved - that is pretty good," he says. "Of the £1.9bn net inflows on Skandia Investment Solution, around 12% of overall sales were internal transfers from the old to new system meaning net inflows of new money was around £1.7bn. "We had £600m in the same period - so I am very pleased. "We have big growth plan...
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