Unveils new equity income fund
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.
David Ferguson on Standard Life's move into advice
Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.
Wrap platform Nucleus has appointed Mike Seddon as chairman of its advisory board.
Nucleus has passed £5bn assets under administration (AUA) on its platform.
Nucleus chief executive David Ferguson has called into question the validity of platforms charging on a basis point scale.
Wrap provider Nucleus has reported an operating loss of almost £1m for 2011 as the group invested in its proposition.