IBOSS Asset Management has reduced the ongoing charges figure (OCF) caps across three of its five model portfolio service (MPS) ranges, in a move designed to improve cost certainty for advisers and their clients.
The changes represent an average reduction of almost 11% and mark the second time in two years the firm has lowered caps, which were first introduced in 2019 to provide advisers with clarity on maximum portfolio charges. IBOSS, which part of the Kingswood Group, said the caps continue to act as a safeguard for advisers navigating rising client scrutiny on fees. While many of its portfolios already run below the maximum charge, the firm said formal caps help reassure clients that costs will not rise unexpectedly. IBOSS has also launched a Cost & Risk Profile Calculator on its website, ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
