A ‘big bang' effect in the wrap arena may take up to five years to materialise for the industry as a whole, says Standard Life.
However, within that time-frame wrap is likely to become one of the biggest business lines in the Standard Life group, says marketing director, John Taylor. Compulsory long-term savings are unlikely to have an impact in this sense, he says, because wrap is more likely to be seen as a tool for use with higher end clients. Intermediaries this year have been moving closer to wrap, with an increasing number reviewing business models in light of what should be made possible by way of service levels to clients and service levels from providers, he says. Standard Life – which will launch ...
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