View more on these topics

Nucleus outflows up but market upturn boosts platform assets

Market volatility can precede big fallsNucleus has increased its assets under management by 6.3 per cent over the first quarter of 2019, as the platform sector continues to rebound after stock market falls at the back end of last year.

Nucleus’ assets under administration rose to £14.7bn at the end of March, up from £13.8bn at the end of December.

Inflows were broadly similar across the quarters, coming in at £466m to March compared with £462m to December.

However, outflows in the latest quarter were greater, at £332m compared with £277m.

Market movements offset these, adding £735m to the platform’s assets in the first quarter of 2019, compared with putting a £994m dent in assets in the last quarter of 2018.

Net flows were almost twice as strong in the first quarter of 2018 compared with 2019, where they came in at £411m compared with £134m in the latest quarter.

Nucleus chief executive David Ferguson says: “It was pleasing to see AUA levels increase in excess of 9 per cent year-on-year compared to a FTSE All-Share increase of 2.2 per cent in the same period. Gross inflows steadied quarter-on-quarter, building momentum throughout the period, particularly in the run up to the tax year end.

“We completed a change to our technology and BPO services model in Q4 2018 with the intention that this will improve our change velocity and I’m pleased to report that Q1 has borne this out with a significant upgrade to the core platform software, the launch of our new Junior Isa product,  and the beta launch of our new client portal, Nucleus ‘Go’ all successfully completed in the quarter. We also completed our Mifid II regulatory costs and charges disclosure after the reporting period in April 2019 and are looking forward to building on this change momentum throughout the year.”



Tony Mudd: Advisers are stifling protection innovation

The biggest reason new concepts are not being brought to market is a lack of confidence that advisers will change their behaviour. Having started life in the financial services industry as a clerk for one of the largest life assurance companies in the UK, protection has always been my first love. Unfortunately, it only takes […]


Martin Bamford: Advisers can’t keep outsiders on the outside

I often ponder to what extent we overcomplicate things as financial planners. A few years ago, I was pulled up sharply by a prospective client, midway through a pitch for our estate planning service. “But I don’t have an estate,” they interjected. That service was swiftly renamed “inheritance tax planning”, with the desire to do […]

Simon Collins: Setting your SMCR milestones

Keeping up momentum is key, even if the December deadline seems some way off As firms step up their Senior Managers and Certification Regime project activity, challenges facing HR and compliance functions are becoming apparent; not least the question of resource, and competing priorities for what is a finite resource at most firms. Some firms […]

UK equity income outlook for 2018

Senior RLAM Fund Manager, Martin Cholwill discusses potential sources of volatility and opportunity in the UK equity income sector in 2018. Watch the video here Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm