Friends Prov/Standard Life unveils wrap update

Friends Provident and Standard Life have established a legacy data sharing alliance that they claim will enhance their respective wrap platforms. The move will enable the respective companies' wrap customers to view Standard Life's and Friends Provident's existing investment and pensions business on both wrap platforms, in addition to their wrap holdings. It means intermediaries will not have to re-register assets onto the platforms. Real-time valuation requests will be sent and received between the two providers' back end systems each time a customer or intermediary accesses their invest...