What is Wrap?

The abrdn Wrap platform - an award-winning platform built to help meet your investment and savings goals. The Wrap platform has unique features and provides access to a range of products and investment solutions. View your Wrap account value and your investments’ performance over time quickly and easily using our online portal.

Wrap 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 (101 KB)

  • 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)

  • 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.

    Comparing Platform Charges

    Jargon in financial services can be confusing which makes it hard for your clients to compare services or to understand what they will pay. This document identifies the main components of platform charges and explains what these different charges might look like.
    Comparing Platform Charges - WrapOpens in new window

    Interest Rates

    Each Wrap customer automatically has access to a Wrap cash account. In addition, the Wrap platform also operates cash accounts at product level.

    The annual gross interest rate we pay to customers on product level cash accounts is calculated with reference to the Bank of England base rate. This means that you can always work out what the interest rate paid will be, using the table below (paid rates are rounded up to the nearest 0.01%):

    Base rate (per tier) % of interest paid to customers
    0.00% - 0.50% 0%
    0.50% - 1.00% 30%
    1.00% - 2.00% 50%
    2.00% - 5.00% 70%
    5.00% + 100%

    For example, under the base rate announced on 3rd August 2023 of 5.25%, the rate we pay to customers on product level cash accounts is 3.00% per annum. This is calculated as 0% of the first 0.50%, plus 30% of the next 0.50%, plus 50% of the next 1.00%, plus 70% of the next 3.00%, plus 100% of the next 0.25%; i.e. 0.00% + 0.15% + 0.50% + 2.10% + 0.25% = 3.00%

    Interest is calculated daily. If the base rate is negative this table will not apply, and paid rates may become negative. When the Bank of England base rate changes, the rate paid to customers will be updated within five working days. The interest rate on the Wrap cash account is 0.00% per annum

    Cash management administration charge

    The rate we earn from our banking partner(s) may be higher or lower than base rate and may vary daily. We retain any additional interest earned as a margin to cover costs in managing cash. We call this margin the Cash Management Administration Charge (CMAC). The CMAC is taken directly from the interest received from the bank(s), so will not appear as a separate charge.

    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.