AJ Bell launches new MPS with no annual management charge

Managed by AJ Bell Investments, the AJ Bell Money Market MPS will offer exposure to a range of near cash instruments, including money market funds and short duration bonds. There will be no management charge, meaning customers pay only platform fees and the cost of underlying funds with an average operating cash flow of 0.1%. AJ Bell said this MPS will be the only product of its kind in the market with no management charge. Offered through AJ Bell's Investcentre platform for advisers, the MPS will allow customers to hold assets within their existing tax wrappers without the need to...