The race for wraps is on as UK market stands wide open

technology

Many industry participants believe wrap platforms and accounts are the way ahead but the introduction of these to the UK has been delayed by consumer antipathy and unrealistic business plans

For the last two and a half years the UK investment services industry has become obsessed and excited by the pending arrival of wrap accounts and wrap platforms, and the opportunities they offer. During this time many words have been written on the topic and thousands of pages of explanatory text have appeared in industry papers, magazines and supplements. Industry conferences have dedicated days to the subject and keynote speakers have been flown in from as far away as Australia to extol the virtues of the wrap with win-win stories of product innovation. Even personal finance editors are t...