AJ Bell has cut the charge for its core Model Portfolio Service (MPS) range from 0.15% to 0.12% per year for both new and existing clients.
The change takes effect from October 2026, while AJ Bell’s Money Market MPS will continue to have no annual management charge and the Gilt MPS range fee of 0.10% per year will remain.
According to the platform, performance has been strong across its range of portfolios, with the core MPS range remaining consistently popular with advisers since its launch in 2018 and contributing to the 30% rise in assets under management for AJ Bell Investments in the past year, taking the figure to £9.8bn.
Ryan Hughes, AJ Bell Investments managing director, said: “We believe advisers using our MPS should feel good when investing for their clients. That’s why we’re reducing our charges by a fifth from October, with advisers benefiting from the same excellent service and award-winning in-house investments team behind each portfolio, but at an even better price.
“Our decision to reduce charges comes following the recent expansion of our popular Gilt MPS range and illustrates our commitment to ensuring advisers have access to a broad range of investment solutions that are easy to use and low cost.”
