Wesleyan With Profits Fund added to Nucleus Wrap
Nucleus Financial Platforms, one of the UK's leading, independent, adviser platform groups, is now offering with profits on its Nucleus Wrap platform in partnership with Wesleyan.
The Wesleyan With Profits Growth Fund - the first With Profits fund designed specifically to sit on independent adviser platforms - aims to be a long-term investment solution, investing in a range of asset classes to diversify risk. The fund has a proven track record of delivering healthy returns over the longer term and aims to achieve greater consistency of returns through its unique smoothing mechanism which reduces the impact of short-term price fluctuations.*Advisers accessing the fund benefit from daily pricing, daily smoothing and daily trading, providing a transparency and flexibility not previously associated with With Profits funds.
Other features of the fund include:
- Can be blended with existing investment proposition
- No MVAs, unit price adjustments or maximum withdrawals
- Life and pension funds available within ISA and JISA accounts
- Pension fund available within the pension account
- Comprises 75% real assets (65% equities / 10% property)
- FE risk score currently 10/100
Paul Bagley Nucleus Distribution Director said: “We’re pleased to be partnering with Wesleyan to make this with profits fund available on our Nucleus Wrap platform, for both pensions and ISAs.
“Our ambition is to become the best retirement focused adviser platform. As such, delivering the broadest range of investment solutions offers greater choice for advisers, helping them to deliver better outcomes for their clients and ultimately making their retirement more rewarding.
“We’re always listening to what advisers want and we know that demand to include with profit funds as part of centralised investment propositions is growing.”
Mario Mazzocchi, Wesleyan Group Chief Executive added: “We’re delighted that Nucleus’s advisers and their clients now have access to a strong, actively managed smoothed fund. Smoothed returns offer a more consistent investment journey which is particularly attractive to investors in the current economic climate.
“As a financially strong mutual, we are able to maintain a high exposure to equities in the Fund delivering the potential for extremely competitive long-term performance.
“Wesleyan was the first provider to make a smoothed fund available via an independent platform because we recognised there was a long-standing gap in the market.
“This new partnership with Nucleus shows that we have created a flexible product that can easily be incorporated into a diversified portfolio on platform.”
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Notes to editors: