Advisers and providers are not able to compare model portfolio service (MPS) offerings despite the increasing use and popularity of the solutions for clients, Defaqto says.
The technology firm today (9 May) said there was a lack of "appropriate and compliant" ways of to compare MPS portfolios and assess different portfolios' performance. Discretionary fund management (DFM) asset managers currently choose between sectors or other various industry indices to make comparisons, insight management for investments Andy Parsons explained. "From a Consumer Duty perspective, advisers and clients could be misled in terms of performance comparison," he warned. Defaqto has launched its own performance tracking solution, ‘MPS Comparator', in a bid to fill the gap ...
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