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Capita claims its independence will boost wrap deal

Software solutions provider Capita believes its independence means it is well positioned to grab a big slice of the intermediary wrap market.

The rollout of its Enabler proposition to the IFA market is set to gather pace in September when Bankhall goes live with the system.

Capita says it is in a unique position in competing with the wrap players as it is independent from product providers and adviser groups and offers a proposition that plugs into all industry offerings.

Enabler will give Bankhall advisers access to a trading platform for buying and selling, switching and reconciliation. Its range will include an unwrapped investment account, an Isa, Pep and Isa transfer facility, self-invested personal pension and a bond.

Investment links will include an RBS trading account, cash fund, five model portfolios plus access to whole of market funds through Fundsdirect. A range of Praemium model funds will be brought in next year. There will also be a self-trade option for direct equity investment.

Capita business services managing director Graham Coxell says: “Ultimately, the benefit to the network will be an optimised operation which will maximise productivity and cost-efficiency.

“Advisers will be able to spend less time on administrative tasks and more time selling. Clients will be offered a more proficient service from their members.”


Broker talkback

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Opinions tar us all with same brush

I write in response to another letter, this time from David Kass in last week’s Money Marketing criticising Brocha Simon’s commendable desire to complete the IFS’s Cefa and Cemap at the age of 16. Clearly, this has touched a raw nerve in certain quarters. Could it be that if Brocha can pass these exams without […]

‘Regulator willing to sanction consumer detriment’

Aifa believes the FSA’s admission that primary advice will lead to “sub-optimal” recommendations means that the regulator is willing to “sanction consumer detriment” in a bid to close the savings gap.Director general Chris Cummings says the proposal for a primary advice channel, put forward in the retail distribution review, is an area of concern for […]

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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