Some of wrap's leading lights have decided to form a platform committee with the aim of improving business practice, says Christopher Salih. Market reaction has been mixed
The world of wraps would appear to have gone into overdrive of late. As if praise for the concept from the regulator and the launch of Nucleus's adviser-led platform were not enough, some of the market's more established names have decided to band together and form a 'platform committee' that aims to represent the wrap sector and review and improve operational processes and regulations. Advisers could be forgiven for raising an eyebrow on hearing that Cofunds, Funds-Network, Skandia, Selestia and Standard Life - all of whom have traditionally fought tooth and nail for market share - have j...
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