Principal unveils RDR-ready wrap service

WealthSpace comprises a range of risk-rated model portfolios and is aimed at IFAs looking to streamline their investment managing offering and outsource investment management risk. It also offers private investors the benefits of professional discretionary management. The service is currently available on Skandia, Nucleus and Ascentric with discussions underway with other providers. Principal sales and marketing director Adrian Jewitt says the service comes at a "perfect time" for IFAs gearing up for the RDR, providing TCF compliance and access to wrap reporting tools. "With condit...