AJ Bell removes VAT from managed portfolio service

AJ Bell removes VAT from managed portfolio service

AJ Bell has announced it is removing VAT from its Managed Portfolio Service (MPS), as of October last year.  The change follows a similar move by the firm's rival Brooks Macdonald just last week. VAT is being removed from AJ Bell's annual management charge of 0.15%, reducing it from 0.18% to 0.15%.  This will bring the total cost of all AJ Bell's passive MPS options below 0.50%, inclusive of the MPS ongoing charges figure (OCF) and core platform fee of up to 0.20%. The impact of the ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.