Let battle commence in the world of wraps

The world of wraps is rapidly turning into the latest industry battleground with several smaller pla...

The world of wraps is rapidly turning into the latest industry battleground with several smaller players rounding on the data-sharing deal signed between Friends Provident and Standard Life. In a recent leader, we argued the agreement to share information between wrap propositions shows the concept is moving to a new level. But nascent wrap-provider Nucleus claimed last week that the agreement is little more than a defensive measure designed to protect the giant life assurers' client bases. According to the group's chief executive David Ferguson, this system is designed to safeguard thei...