Corporate wraps – at a glance
> Corporate wraps, also known as ‘corporate platforms’ or ‘workplace savings’, are a flexible alternative to traditional company pensions.
> Rather than just a pension, employers and employees can contribute through payroll into a choice of ISA, pension, and fund and share accounts.
> Investment choice is much wider than with a traditional pension – employees can invest in a low-cost default fund or select their own investments.
> They can manage their accounts online, on a smartphone, over the phone, through the post or face-to-face.