Nucleus warns 'small' sunset clause impact could halve adviser profits

With six months to go before the Financial Conduct Authority (FCA) bans trail commission paid to advisers via platforms - known as the sunset clause - Nucleus has launched a white paper on the issue, alerting advisers to the dangers of doing nothing. Some advisers have dismissed the threat to their revenue of losing platform-based commission when it is switched off in April 2016, saying "only a small part of my income is exposed", according to Nucleus. But Nucleus said this could turn out to be around 15% of income for many firms, which could crucially amount to 50% or more of actual ...