Structured product platform adds Barclays products

Structured product platform SPwrap.com has added a range of unbundled structured products from Barclays to its platform.

The platform, which aims to be whole-of-market, was soft launched in October and will roll out fully to the market in early December. It has been launched through a joint-venture between Meteor Asset Management and advisory firm Lowes Financial Management.

Barclays’ unbundled investments offer different charging options to its structured products and have been developed in anticipation of the RDR.

Potential returns will differ per annum, as will the level of commission and charging structure, depending on the distribution option chosen.

SPwrap.com head of distribution Mark James says: “The demand for retail structured products is increasing all the time and having a major player in the structured products market such as Barclays supporting our platform with their products can only assist what we expect to be continued growth of the market under RDR in 2013.”

Barclays director Richard Henry says: “The ability to offer our unbundled range of investments through SPwrap.com is a great step forward in extending the service to the broader intermediary market.

“We have seen a desire for multiple investment routes, and acknowledge intermediaries often have very different needs – using our unbundled routewe aim to meet these varying needs. Ultimately we aim to create better value for investors.”