Why the FCA is digging into co-manufacturing

clock • 4 min read

Ben Peele explores the 'uncomfortable truth' that sits at the centre of the co-manufacturing debate...

Discretionary model portfolio solution assets have risen to £190bn, an increase of £46bn in the twelve months to Q3 2025, according to NextWealth. It's a remarkable 32% year-on-year rise and tells the tale of a growing sector. Co-manufacturing has been a big contributor to that growth story. Many advice firms have developed their own investment propositions and are looking for partners to deliver them at scale. In December 2025, the regulator acknowledged that some firms are finding co-manufacturing rules difficult to apply and committed to a formal consultation and a multi-firm MPS r...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on DFM & Model Portfolios

Bamboo Invest launches sustainable MPS range

Bamboo Invest launches sustainable MPS range

Three tech-backed sustainable portfolio ranges

Jenna Brown
clock 24 June 2026 • 2 min read
Traditional MPS limits on CGT and operations now in FCA focus

Traditional MPS limits on CGT and operations now in FCA focus

PortfolioMetrix’s Ben Peele on adviser co-manufacturing and blurred MPS responsibilities

Isabel Baxter
clock 19 June 2026 • 1 min read
Two advice firms join AJ Bell Investments' bespoke MPS partnership

Two advice firms join AJ Bell Investments' bespoke MPS partnership

Financial Initiatives and Blue Atlas Wealth

Jenna Brown
clock 09 June 2026 • 2 min read