The changing path

With over £60bn in assets and plenty of room to grow even further, the burgeoning UK wrap market is forging an evolutionary path that will change the way advisers view their businesses

It has been over eight years since platforms launched in the UK and already there is over £60bn in assets held on them. According to a forecast from independent research company Forrester, the UK wrap market is predicted to reach £190bn by 2009, which would see wraps accounting for around 45% of all adviser-led investment and pensions business. Wrap was first introduced in Australia in the early 1990s and it is estimated that 70% of all new investment there is currently transacted and held on wrap. In the US, where they have seen a 30% year-on-year increase of wrap investment since it was...