Brewin Dolphin is set to reduce the costs on its Managed Portfolio Service (MPS) by £3m a year, as it moves the bulk of its investments with third-party managers from retail funds to segregated mandates.
The move will take place between February and May 2018, with the reduction passed on to advisers' clients through the ongoing charges figure (OCF) of the underlying fund holdings. Transaction costs are...
Consultation closing 15 September
Across all public sector schemes
Proceeds being returned to investors