AJ BELL PLC AJ Bell Investcentre is today announcing the launch of a new Money Market MPS with no annual management charge (AMC).
The portfolio, managed by AJ Bell Investments, will offer exposure to a range of near cash instruments, including money market funds and short duration bonds.
There will be no management charge, meaning customers pay only platform fees and the cost of underlying funds with an average OCF of 0.1%. The AJ Bell Money Market MPS will be the only product of its kind in the market with no management charge.
Offered exclusively through
The new Money Market MPS service is now available through the AJ Bell Investcentre platform for advisers.
"In an environment where interest rates may sit above 5% for some time to come, a number of advisers and clients are looking for cash-like returns, while maintaining the benefits of remaining in their existing tax wrappers and having the flexibility to easily invest in other assets again at a time of their choosing.
"To help advisers service those clients we're bringing to market the first Money Market MPS solution which carries no AMC. Combined with
"The on-platform Money Market MPS solution will allow customers to retain all their assets within existing tax wrappers, without the need to move to a different product to access cash-like returns. For a variety of reasons, clients may require a cash solution for both short and medium-term financial planning, particularly in a higher interest rate environment. This offering from AJ Bell Investments provides a new option for those customers, demonstrating our commitment to offering advisers the right investment choices with low costs."
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(C) 2023 M2 COMMUNICATIONS, source
