Insurers to favour corporate wraps over adviser-led business

Its prediction comes as Friends Provident hinted it may revive its wrap platform to target the corporate market. Corporate platforms, often known as workplace wraps, allow employers to offer a range of employee benefits through a single, online portal. They are intended to go beyond traditional benefits such as life insurance and a group pension, and allow employees to purchase financial products such as ISAs and other investment vehicles. Chris Read, chairman of Dunstan Thomas, believes the wrap market will divide in the future, with large insurers opting to provide for the corporate...