WRAP is simply the term used in financial circles to describe a new way of keeping all your individual investments on one central administration platform, rather than having various investments scattered ad-hoc over a range of providers, each of which having their own costs and reporting styles.

Like the segments of this umbrella, various investment types are “wrapped” under the one administrative framework. This contains the costs of administration across a range of investment types whilst allowing you to pursue one consistent investment strategy across the entire range. Simplified reporting and online access also allows you to keep track of your total wealth and portfolio more easily.

Investments that can be included under the umbrella or WRAP are:

  • Pensions
  • Bonds
  • OEIC’s/Unit Trusts
  • ISA's
  • Shares
  • Bank Deposits

Although this centrallised administration system helps minimise cost across the range each of the coloured segments still operates under its own tax "wrapper" or rules. In this way, Pension and ISAs still enjoy their special tax status whilst allowing us as your advisers to recommend an appropriate strategy for all your investments which is easily reviewed and this is achieved at a lower overall cost to you.

I am delighted with the Retirement Advice provided by Corporate Benefits Consulting Ltd, in particular, the way Iain McCallum explained every option carefully and in a way that I could easily understand so that the whole process was very straight forward and hassle free.
David EwingManagerEdinburgh Dog & Cat Home