Nucleus' David Ferguson brands retail fund management 'out of control'

clock

Retail fund management is "out of control" and should borrow ideas from the institutional sector to radically reorganise, Nucleus chief executive David Ferguson has said.

He said retail fund groups are in an “odd place” where cash-flow modelling tools are calling the shots and where volatility is being over-used as a calibrative measure. Speaking at the platform’s annual strategy day, he said: “Where the institutional market is tight and responsive, the retail market is slack and sluggish. “Institutional clients wouldn’t tolerate the pricing, the accountability or the performance of the retail sector, so why should your customers?”   He added: “When enormous global institutions are shoehorning funds into risk buckets defined by unregulated software compani...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Vanguard snaps up US wealthtech platform Altruist

Vanguard snaps up US wealthtech platform Altruist

Deal values Altruist at $4bn, reports suggest

Sophia Panayi
clock 27 August 2026 • 3 min read
Young investors trust AI more than TV or social media

Young investors trust AI more than TV or social media

Almost half wrongly believe AI-generated financial information is regulated

Sophia Panayi
clock 27 August 2026 • 4 min read
Agentic AI, financial advice and the regulatory boundary: Who is really giving the advice?

Agentic AI, financial advice and the regulatory boundary: Who is really giving the advice?

'RegTech can provide the regulatory control layer'

Chris Davies
clock 26 August 2026 • 4 min read