'It is a race to the bottom' - reaction to LGIM's 0.06% MPS launch

The investment giant's MPS range includes 21 growth-focused model portfolios, with the annual management fee priced at 0.06% (including VAT), designed to cater to investors looking to grow their capital over time, and provides three low-cost investment styles. The index-focused model portfolios will draw upon LGIM's suite and expertise of passive vehicles, offering exposure to a broad range of ETFs.  "I think this is a very interesting launch," says the lang cat consulting director Mike Barrett. "MPS services are increasingly popular with advisers, and our research (from state of the ...