Our acquisition of Nucleus Financial has received regulatory approval

Back in February 2021 we shared about our plans to acquire Nucleus Financial. The FCA approved the acquisition in August 2021.

This deal has created one of the leading, independent, adviser platform groups in the UK with over £48 billion of AUA (as at 31 December 2021).

We see this as a coming together of the very best parts of both businesses, building on our retirement expertise and their digital capability and trusted position in the market.

What our new scale will deliver for you

In order to better serve our customers, we aspire to be a leading retirement-focused adviser platform, with the scale to invest in products, price and service to deliver even greater value. We have bought Nucleus and partnered with FNZ to drive this.

Work is now well under way to develop a new platform – the eventual replacement for James Hay Online. In the months ahead we’ll be sharing more detail of our new proposition and how we’ll launch it during 2023.

It’s business as usual for the time being

Nothing will change just yet - the Nucleus and James Hay platforms will continue to operate independently and under their existing brands for the time being while we work on bringing our businesses together.

Additional information is available below and we look forward to providing further detail when we can.

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