Abrdn debuts exclusive MPS with BoE base rate aligned return aim

The Money Market MPS will be closely aligned to the Bank of England base rate for its return aims and will only be available on Abrdn's own platforms. Advisers can use the solution alongside other investment propositions with the MPS set to be available across all tax wrappers. The portfolio will be rebalanced quarterly and have an overall cost of 0.16% excluding transaction costs. Managing director Russell Bignall said the Money Market MPS is the first in a range of solutions it was expecting to put out on Wrap and Elevate in direct response to adviser feedback. "We have spent ...