Earlier this year Dunstan Thomas ran two parallel surveys based on the impact of wrap services. The first focused on providers and administrator firms and the second on financial adviser community. Chris Read, summarises the key findings.
More than a third (37%) of the retirement planning-focused adviser community think wrap platforms will have the most significant impact on the pensions market this year, ahead of innovation in SIPP products (23%) and anticipated enhancement of existing legacy pensions schemes (21%). Yet despite wraps sitting very close to the top of advisers' 2008 agendas, the provider community is proving more reticent – only one in ten of providers and administrators saw supporting wraps as the key route to growth this year and only 7% believe wraps have reached a stage of maturity where they are truly 'd...
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