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Nucleus boss forecasts recovery to start in 2010

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Leah Milner
Nucleus chief executive David Ferguson has forecast the economic recovery will begin in 2010.

Ferguson believes the financial markets will hit the bottom in terms of GDP contraction in the fourth quarter of 2009 but start 2010 on a high.

He says: “It is fair to say that 2009 will be a challenging year for all in the financial services sector, but I remain confident that those operating at the quality end of the IFA market should be smiling come the end of it, if not before.

“There will undoubtedly be some retrenchment in the advisory market but I fully expect advisers who offer a strong customer-led proposition to thrive as those consumers hit hardest by market events of the last year look to rebuild their financial lives.”

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