Openwork launches IFDL-powered wrap

clock

Openwork has announced it will launch its own wrap platform powered by Investment Funds Direct Limited (IFDL).

The new wrap will sit alongside Zurich's retail savings platform, which is being made available to its single-tie, multi-tie and whole of market businesses at the end of the year. Openwork's new platform proposition, a core part of the restricted network's RDR-readiness programme, will be trialled by 15 advisers before rollout in 2012. As part of the new wrap offering, the network has also secured an exclusive arrangement with Veracity to support its advisers in their analysis of legacy business. "Developing partnerships with IFDL and Veracity is a transformational move that offers...

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 Wrap/platforms

AJ Bell platform hits record AUM as inflows rise 19%

AJ Bell platform hits record AUM as inflows rise 19%

13% rise over the past year and a 1% increase in the quarter

Linus Uhlig
clock 24 April 2025 • 2 min read
Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read