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Nucleus white-labels wrap for Paradigm

Nucleus Financial Group is to white-label its wrap for new IFA support firm Paradigm Partners.

The deal, expected to be signed this week, is Nucleus’s first white-label deal and marks a departure from its sole targeting of top-end IFAs.

Neither Paradigm nor its advisers will be taking equ-ity stakes in Nucleus.

Nucleus has just signed up another two IFAs – Lofthouse Gate and Cameron Chase – bringing its total to 10 IFA stakeholder firms.

Nucleus chief executive David Ferguson says: “Once the Paradigm opportunity was presented, if we had not done anything about it, we would not have been doing the right thing by our business or the market.”

Ferguson says this is the only white-label deal being considered at present but he has not ruled out further deals in the future.

He says: “This gives us the option to bring our proposition to the mass market quite quickly, which we might not have otherwise been able to do. Through Paradigm, we could now bring on 100 IFAs a month rather than five or 10 a month, as our core proposition would allow. The core Nucleus offering will not be diluted though.”


Exams must stay to protect the public

The FSA is to retain existing exam requirements for advisers due to concerns about quality of training and competence standards.In a consultation paper published last week, the FSA says the T&C sourcebook will be slashed by two-thirds but current exam requirements are still essential to protect consumers.It examines whether prescriptive examination requirements are still needed […]

Aegon offers no commission option for advisers

Aegon will offer a no commission option for advisers working on a fee basis and three new options designed to allow advisers to cater for the needs of clients who want additional services or greater levels of advice and support.

Forces of nature

Ihave to admit that I am not usually a fan of highly specialised funds. By their nature, they are significantly more volatile than general funds and quite often unsuitable for anyone but very sophisticated clients. That said, they do offer opportunities if you get your timing right.One fund that certainly fits this description is the […]

Axa axes MVRs and boosts bonuses

Axa has removed market value reductions on with-profits bonds and raised bonus rates by 1.5 per cent for many of the 1.3 million customers in the Axa Sun Life and Sun Life Assurance Society with-profits funds.

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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