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.

mcleanThe current team at Corporate Benefits Consulting have had MacLean Electrical as a client for around 10 years now and over that time we have got to know them well.

Our Client Manager Maureen Ruddy, has guided our ever- expanding company through the pensions minefield of the last decade, offering advice which culminated in us closing our Final Salary Pension Scheme in 2007 and then going on to establish a new GPPP for all employees. Corporate Benefits guided us through this complex situation and continue to act as advisers to both the Trustees of the closed FS Scheme and also to the individual Members of the new GPPP.

At MacLean Electrical we feel it is important to get to know our service providers so that they can understand our business well enough to allow us all to work together and utilise all of our time effectively. In this way, Corporate Benefits have assisted us greatly by removing a large proportion of the day to day administration burden of running our schemes and they have also been of great assistance in guiding us through the various legislative changes experienced by pension schemes over the last decade and of course beyond.

The experienced team at Corporate Benefits is worth considering if you are a business who needs sound, relevant and effective advice regarding your Pensions and Employee Benefits packages and I would have no hesitation in recommending Corporate Benefits to you.

Gordon CarswellFinance DirectorMaclean Electrical