Two-thirds IFAs 'very likely' to recommend wraps

clock

Two-thirds of IFAs say they are "very likely" to recommend wraps in the future, compared to just over a half a year ago, according to a survey by Watson Wyatt.

The survey also found three-quarters of IFAs were likely or very likely to recommend a wrap provided by an insurance or life company but four out of five (80%) were likely or very likely to recommend a wrap provided by an investment house. Skandia, Cofunds and FundsNetwork head the list of companies IFAs are likely or very likely to consider recommending. The main reasons why IFAs believe wraps may be successful include the ease of administration and administration efficiency, cost, flexibility, investment choice and the fact everything is accessible in one place. But potential reason...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA shift to outcomes-based regulation gives advisers chance to truly shine

FCA shift to outcomes-based regulation gives advisers chance to truly shine

‘Gives opportunity to be the adviser you always wanted to be’

Jenna Brown
clock 18 June 2025 • 2 min read
Women taking more control of finances but lack trust in advisers

Women taking more control of finances but lack trust in advisers

More than half of women controlling household finances

Sahar Nazir
clock 18 June 2025 • 1 min read
Mis-selling and suitability account for 61% of adviser complaints

Mis-selling and suitability account for 61% of adviser complaints

Oxford Risk calls for more tech-driven personalisation amid rising FOS concerns

Sahar Nazir
clock 18 June 2025 • 1 min read