Taking lessons from Down Under

There have been a few exceptions, such as the 2005 Ashes or the 2003 Rugby World Cup, but sporting teams from this island have been taking lessons from their Australian counterparts for many years now. However, as wraps and platforms develop in the UK, we currently have a far less painful opportunity to see what can be gleaned from Australia's Aus$450bn wrap market. Down under, an estimated 80% of consumer funds now go onto platforms, 20 years after the first master trusts were used as a vehicle to invest at wholesale prices. Around ten years ago, the Australian market developed wraps, ...