We believe that clients don’t want to wait for funds to be cleared before they’re invested - that’s why we pre-fund new investments, fund switches, tax relief and rebalancing to ensure your clients are invested faster and for longer.
All products benefit from pre-funding to ensure we invest your clients’ money without delay meaning their money is in the market for longer. Your clients have certainty and consistency regarding when rebates are paid and tax due.
Regular/New contributions
Wrap will make investment trades requested on the date each regular contribution payable by direct debit is expected.
Fund switches/rebalances
Once we have the unit price, we place the buy trade at the next valuation point after the sell trade has confirmed.
For rebalances we place the sell trades and buy trades at the same pricing point meaning there’s no time out of the market.
We will use our own money to fund the buy trade if there’s non-receipt of funds from the sell trade or the buy trade has a shorter settlement cycle.
We will ensure that buy trades will be funded even if they fall due before the sell trades settle. This applies to mutual funds only and not to Exchange Traded Investments.
Tax relief on personal pension contributions
The full value of a contribution, including tax relief at source, made into the Wrap SIPP is available for investment as soon as the contribution has been matched to the plan.