The value of your investment can go down as well as up and you may get back less than you paid in. Laws and tax rules may change in the future. Your own circumstances and where you live in the UK also have an impact on tax treatment.

Terms and Conditions

An important update

The current version of our terms and conditions along with the interest rates and the cash management administration charge we apply on the various cash accounts held within your Wrap account are set out below.

  • Terms and Conditions
  • Interest rates
  • Cash management administration charge
  • Platform and product administration charges

Terms and Conditions

These Terms and Conditions are applicable to all Wrap clients:

  • Wrap Services client Terms and Conditions PDF (894 KB)

  • This policy applies to all Wrap clients and provides you and (if applicable) your financial adviser with information about our Order Execution Policy and should be read together with the Wrap Services Client Terms and Conditions.

  • Wrap Platform - Order Execution Policy PDF (129 KB)

  • Summary information on the quality of order execution obtained

  • Wrap Order Execution

  • These Terms and Conditions are only applicable to clients that have opened a Wrap Personal Portfolio and/or Wrap ISA.

  • Wrap ISA and Wrap Personal Portfolio terms and conditions PDF (337 KB)

  • These Terms and Conditions are only applicable to clients that have opened a Self Invested Personal Pension for Wrap.

  • Self Invested Personal Pension for wrap terms and conditions PDF (613 KB)

  • These policy provisions are only applicable to clients that have opened an Onshore Bond for Wrap.

  • Onshore Bond for Wrap policy provisions PDF (782 KB)

  • These policy provisions are only applicable to clients that have opened an International Portfolio Bond for Wrap.

  • International Portfolio Bond for Wrap policy provisions PDF (876 KB)
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    If you would like a paper copy of any of these terms and conditions please contact your adviser or call us at 0345 279 1001.


    Interest Rates

    Each Wrap client automatically has access to a Wrap cash account. Wrap cash is the hub of your Wrap. In addition, the Wrap platform also operates cash accounts at a product level. The interest rates on all these accounts are variable and may go up and down regularly. Here are the annual gross interest rates which we currently pay:

    Product Current interest rate
    Wrap cash account 0.00%
    Wrap Cash ISA 0.00%
    Wrap Stocks & Shares ISA (cash component) 0.00%
    Wrap Personal Portfolio cash account 0.00%

    Cash account for Wrap SIPP
    A minimum rate of interest equal to the Bank of England base rate on the day in question less 1% will be payable. However, we currently choose to pay a higher rate of interest of 0.00% gross per annum.

    Cash account for International Portfolio Bond for wrap
    From 23 March 2020 the interest rate payable is 0.00% gross per annum. Please note that the interest rate may vary from time to time.

    Cash management administration charge

    We apply a cash management administration charge (CMAC) for the administration of the cash held in the Wrap cash accounts outlined below.

    The CMAC is in addition to any platform and product charges that may apply to these cash accounts.

    This charge is taken directly from the interest received from the bank(s) used to provide these accounts and so is not deducted from the interest we pay you.

    The charges vary depending on the interest received from the bank(s) and may go up and down regularly. We will notify you or your financial adviser if the charge exceeds 1.75%.

    You should visit this webpage regularly for details of the CMAC.

    The CMAC rates stated are example annual rates based on the interest rates received from the bank(s) used to provide these accounts as at 23/03/2020, and assuming a Bank of England Base Rate of 0.10%. For current or previous CMACs please call us.

    Product Current CMAC
    Wrap cash account 0.08%
    Wrap Cash ISA 0.08%
    Wrap Stocks & Shares ISA (cash component) 0.08%
    Wrap Personal Portfolio cash account 0.08%
    SIPP cash account 0.13%
    International Portfolio Bond cash account 0.13%

    Charges are per annum

    Platform and product administration charges

    Value of your platform eligible assets
    Annual platform charge for Wrap cash account and Wrap products (deducted for each band)
    Annual additional product administration charge for Wrap SIPP (deducted for each band)
    Annual additional product administration charge for international portfolio bond for Wrap and onshore bond for wrap (deducted for each band)
    On the first £0 - £249,999.99 0.35% 0.05% 0.15%
    On the next £250,000 - £749,999.99 0.25% 0.05% 0.15%
    On the next £750,000 - £999,999.99 0.15% 0.05% 0.15%
    On the balance above £1,000,000 0.10% 0.05% 0.15%

    Important – Our interest rates and the cash management administration charges are regularly reviewed so you should visit this webpage regularly.

    Contact Us

    0345 279 1001 For paper copies of these terms and conditions or for details about your charges please give us a call. Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.