Friends Prov wrap slated for Q1 2008 launch

It was thought the wrap could be ready for roll-out at the end of this year but Friends Provident has now pushed back the launch to 2008. Simon Clamp, Friends Provident managing director of UK sales and marketing, says: “We expect the wrap platform to be rolled out in a series of releases throughout 2008 and 2009. It will take time to launch the various components but the group has a very strong capability for this type of product.” The group made the statement as part of its third quarter sales update which showed a solid performance for its pensions business but a drop off in invest...