Brewin Dolphin halfway through cost-saving segregated mandate transfer

Brewin Dolphin has transferred around £750m of the £1.5bn from third-party retail funds into its new segregated investment mandates. It announced the move in January, saying the aim of the exercise was to reduce costs on the firm's MPS by £3m a year. It said cost saving had already started and clients should expect to benefit from the full annual saving when the last two transfers are completed in April and May.   The expected reduction will be passed on to advisers' clients through the ongoing charges figure (OCF) of the underlying fund holdings. Brewin Dolphin said transaction costs...