Life giant Prudential has decided not to invest millions of pounds developing a wrap platform because it believes in future the technology could be given away free, according to head of intermediated distribution Andy Curran.
It is one of the few life companies not active in the platform space as Aviva, AXA, Standard Life, Scottish Widows, Friends Provident, Legal & General, Aegon and Zurich all have, or are building, offerings...
'Due to three factors'
Continuity beyond 2021
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down