Advisers can currently invest in Nucleus via Nucleus IFA Company (NIFAC), and as a result the firm is being asked to disclose and manage potential conflicts of interest due to advisers holding a financial interest.
The issue is one which was highlighted in the group director’s report for year ending 31 December 2012, which stated the current business model had been made redundant by the new regulation.
It said Nucleus had provided a letter of support to allow NIFAC to continue as an ongoing concern while the model remained under review.
David Ferduson, chief executive, said: "We have always been aware the mechanism behind it may need to be adjusted as the business continued to evolve and grow. While the implementation of RDR probably accelerated this change it has not impacted in any way our total commitment to preserving and promoting our core principle of adviser influence and more progressive governance through share ownership."
