View more on these topics

Prudential in Capita talks on white-label wrap deal

Prudential is understood to be in advanced talks with Capita over launching its own wrap as a white-labelled version of the outsourcer’s Enabler platform.

Pru says it has yet to make a decision on whether it will launch a wrap or which third-party providers it might use.

MetLife and Zurich are also thought to have had white-label discussions with Capita.

Last December, Prudential signed a £722m deal outsourcing the admin of its pensions, investment bond, life and endowment policies to Capita.

Capita is an outsourcing partner to Zurich UK after signing a £300m deal in December 2005 and provides admin support for MetLife’s Sipp and Tip.

Capita managing director Graham Coxell would not confirm talks with specific providers but says: “We are in discussions with a number of providers over putting their wrappers on to the Enabler platform and with a number of big IFA firms interested in using it.”

Ernst & Young head of UK insurance Shaun Crawford says: “It would be a logical approach for Prudential given the existing relationship.”


A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment