Advisers using Nucleus’ wrap platform will now have easy access to Wesleyan's with-profits fund.
Wesleyan’s With Profits Growth fund, which was created especially to sit on independent adviser platforms, invests in a range of asset classes.
It is the second independent platform the fund appears on, after it was launched on Novia in 2021.
Nick Henshaw, head of intermediary distribution at Wesleyan, said the partnership was good news for advisers.
He said: “It's an opportunity on an independent platform to get hold of a low volatility, high real asset, investment opportunity.
“It trades like every other fund. So it sits there but there's nothing special about how you access it or how you treat it once it's on the platform.
“From that perspective, we produce one single unit price every day and that's the price that you buy and sell at and you get an accurate valuation.”
Wesleyan’s history dates back more than 100 years and Henshaw said combining this tradition with Nucleus works nicely together.
He added: "To have that financial strength in that old company piece alongside the new tech of the platforms is quite a nice little combination.
“We're hopeful that it will be a really popular asset with the adviser community.”
The fund is available for both pensions and Isas and comprises of 75 per cent real assets.
Paul Bagley, Nucleus distribution director, said: “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.”
tara.o'connor@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com.
