Kingswood makes move to remove VAT from MPS

The change will apply to the firm's six discretionary model portfolios and clients will only be charged the management fee for the MPS. Kingswood investment manager Charlotte Cook said: "The decision was made in line with our core value of providing the best possible transparent service to our clients. "We are always looking for ways to improve our services and by removing VAT from our MPS, we are offering excellent value at a competitive price. We pride ourselves in the way we invest on behalf of clients." Don't look VAT in anger: Is the MPS trend here to stay? Other firms have...