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.

UNISON_trade_union_logoThe team at Corporate Benefits Consulting have been guiding the Trustees and Employers of the Unison Strathclyde Region Branch Pension Plan through an extremely complex and difficult Scheme closure and ultimate wind up. Our Client Manager, Allan Maxwell, has provided expert advice at all stages of this process which included the negotiation of a transfer of the Active members to the Unison Staff Pension Scheme and the securing of benefits for the remaining pensioners and deferred members. At Unison we feel it is important that our advisers are able to deal effectively with our pension arrangements offering imaginative and timely advice. Corporate Benefits have assisted us greatly by presenting comprehensive solutions to the problems that we faced. If good, practical pensions and employee benefits advice is what your company needs then Corporate Benefits would be a good starting point.
Catherine McClymontTrusteeUnison