FSA heaps praise on wraps

The launch of a new adviser-backed wrap platform coincided with the FSA issuing guidelines on the use of wraps in the adviser market. This shows the head of steam building behind wrap provision in the UK. Wrap provision represents a real opportunity for advisers, but after the Amex debacle they need to select their business partners with care. The FSA was generally extremely positive on the influence of wraps in the UK market. The report stated that its recent research: "Did not uncover evidence that firms use wraps in an inappropriate way. In fact, when looking at wraps, the visits provi...