Nucleous - Where now for life companies ?

I was rather surprised at the lack of knowledge of David Ferguson - that he is unaware of what a life assurance company offers by way of products. A life assurance policy by its very nature is a way pf Protectiong Families, Income, Businesses , and is used wiodely in Estate Planning. This is something that Nucleous is unable ( and I suggest unwilling) to offer - clients customers etc., It is interesting that as I understand it, Nucleus use Scottish Friendly as their administrators ? The destruction of the insurance industry through the selection of business - known as cherry [picking ie the easy bit by wrap providers should be more properly explained. I do not see Nucleus providing protection polices, nor are they taking the cost of providing this most important product. Liek RBS and Direct Line - selecting certian areas of business distorts the market, reduces the profits of these protection companies - and they provide a very small adminsitration service and NOT a proper business. Wrap accounts take business away form insurance companies and must take responsibility for the destruction of protection and savings market. At least Transact has a regular savings product - but in my opinion most wrap providers are taking other companies business - with claims of reduced charges - but they fail to explain the other areas they have NOT provided.

Posted by: Ian Lees