MPS 'pushed pressure' on multi-asset to bring costs down

The research house's insight manager Andy Parsons told PA that compared to MPS, multi-asset solutions have had slightly higher charging. "What MPS has done has pushed the pressure onto multi-asset to bring their costs down," he said. "Consumer Duty as aided that as well, but it [MPS pricing] has really helped apply the pressure to drive down costs." "In our latest data for 2024, we see that the cheapest proposition currently is a fettered under multi-asset, fund of fund, followed by MPS, followed by then an unfettered multi-asset," he added. Parsons highlighted that since 2020/21 t...