'A lot of momentum' behind MPS as adviser outsourcing continues

As the asset manager has reached the ten-year anniversary of its MPS offering, Abrdn senior investment manager Jason Day told PA that there is "a lot of momentum" behind MPS as a solution. "Over the last few years with the amount of money that's flowed into MPS, it has been the lion's share in terms of money that's outsourced employment managers and the catalyst there is really all about financial advisers outsourcing," he said. Day said that advisers increasingly want a central investment proposition that is run in a discretionary manner, rather than advisory. "They want to abdica...