FundsNetwork presents its wrap plans

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Fidelity FundsNetwork has celebrated its fifth anniversary by outlining a wrap proposition and forecasting its supermarket position in the next five-year period.

Advisers are already being approached through a 10-week re-registration campaign to move clients onto the FundsNetwork platform - offering £50 to re-register clients with £5,000 or more, with investors receiving a £25 payment. Announced last week, the re-registration process is seen as a precursor to launching the wrap. David Dalton-Brown, head of FundsNetwork, has now announced inside the wrap an adviser will be allowed to include funds, an onshore bond, a Sipp, Peps and Isas. Newer elements such as the Sipp are expected to be in place by year-end. More portfolio planning tools will ...

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