The research follows a series of roadshows held at six locations across the country during September and October to launch the Abbey Wrap as the UK’s first comprehensive and scaleable Wrap.
Wraps allow IFAs to arrange transactions and report and manage a client’s entire investment and pension portfolio from a single web page. Abbey estimates that this increase in operational efficiency could reduce administration costs by up to 40%.
Ambrose McGinn, Director of Abbey for Intermediaries, said: "The response received at the roadshows was even better than we could have hoped for. IFAs are clearly looking for radical solutions from a strong provider like Abbey to help improve their business efficiency. We intend to capitalise on the clear advantage we have in being one of the first movers in the Wrap market by educating and challenging the market and being the benchmark against which others will be judged."
Intermediaries can register their interest for the Abbey Wrap service by calling 0845 6065500 or visit www.abbeywrap.co.uk.
