Adviser platform Nucleus has signed a deal to acquire Third Financial, a provider of white label investment platforms and software.

Adviser platform and SIPP provider Nucleus has trimmed its standard annual Wrap platform charge by three basis points for holdings between £200,000 and £500,000.

Almost half of peopled aged over 50 do not have a detailed retirement plan while only 16% of UK adults are ‘totally confident’ they have enough money to retire in comfort, according to a new UK Retirement Confidence Index.

Nucleus Financial Platforms chief commercial officer Alex Kovach will step down at the end of the year and be replaced by the group’s chief financial officer Mike Regan, subject to regulatory approval.