IBOSS has cut the ongoing charges figure across all 32 of its DFM MPS portfolios.
The firm, which is part of the Kingswood Group, said ‘successful negotiations’ with multiple fund houses have resulted in reduced pricing on a range of the underlying funds.
The firm said several of the funds in questions are also held across its OEIC range.
Full details are yet to be confirmed, but IBOSS provided pricing for its Core MPS range as an example. It said the OCF on these will be as low as 0.34% in its low-risk portfolio, and its high-risk portfolio has dropped from 0.65% to 0.58%.
IBOSS expects costs to be reduced further in the fourth quarter once the full impact of the newly agreed terms is reflected.
Chris Metcalfe, chief investment officer at IBOSS, said: “In the world we are all currently living in, the cost of almost everything seems to be going up. We are therefore delighted to be able to offer advisers and their clients lower charges, and some of the very best in terms of competitive pricing across the DFM MPS marketplace.”
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