7IM to scrap VAT from MPS range from February

The changes mean the 7IM Active and Passive model portfolios will have an all-in cost of 0.25%, while the Bespoke model portfolios range between 0.25%-0.30%. The 7IM Pathway model portfolio range remains at a cost of 0.15%. The price changes will come into effect as of 1 February 2021 and apply to the model portfolios available to advisers through the 7IM platform as well as third-party platforms. AJ Bell removes VAT from managed portfolios and preps responsible MPS launch Verona Kenny, managing director on intermediary said: "The removal of VAT will make our already competitively p...