Industry has to evolve to reach one wrapper world

wraps

The future of financial planning in the UK or a lot of hot air? Wraps do have big potential but this is tempered by the speed at which the industry is willing to change to embrace them

There are two ways to see the future of wrap accounts: you either believe their development holds the key to the future of financial planning and distribution in the UK, or you think it is a lot of hot air being expelled by people who really need to find themselves a proper day job. The reality, rather prosaically, is somewhere in between. At one extreme, wrap accounts have the potential to revolutionise the way in which investment advice is delivered and financial planning administered in this country. However, the process of moving from the current disaggregated status quo will be anyt...