Provider-owned advice expansion 'not what RDR intended', says Nucleus

Merely to 'flog more funds'

Ferguson: "We are going through another wave of market disruption."
Ferguson: "We are going through another wave of market disruption."
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Product providers expanding into giving advice is not what the Retail Distribution Review (RDR) set out to achieve and is disrupting the market, Nucleus CEO David Ferguson has warned.

Ferguson (pictured) said the increasing phenomenon had not helped bring better products to market and merely served to "flog more funds". His comments followed the news that Aviva has intentions to...

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