Fintech and data provider Defaqto has unveiled new independent Consumer Duty Profiles for the top 20 most-frequently recommended discretionary MPS portfolios.

Discretionary fund manager and SIPP provider 7IM has added an Adventurous Plus model to its Blended Model Portfolio Service (MPS) range.

Investment platform and SIPP provider AJ Bell has changed the terms on its Managed Portfolio Service funds to reduce risks and costs for advisers.

Investment firm and platform provider Parmenion has joined the growing list of investment managers who have removed VAT from their Managed Portfolio Services (MPS).

Hymans Robertson Investment Services has launched a discretionary model portfolio service in a move which sees it partnering with UK financial advisers directly for the first time.

Wealth Manager Charles Stanley, which has a substanial SIPP arm, has removed VAT from its Managed Portfolio Service (MPS) across its Dynamic Passive, Blended and Multi-manager models.

Platform and SIPP provider AJ Bell will remove the VAT charge from its Managed Portfolio Service (MPS) from 1 October.

Tilney Smith & Williamson is following rivals by removing VAT from its Managed Portfolio Service propositions.

Adviser platform AJ Bell Investcentre is to give financial advisers access to third party Managed Portfolio Services (MPS) from external Discretionary Fund Managers via its platform for the first time.

PK Wealth has made its Managed Portfolio Service – Active Approach available for external advisers looking to outsource part of their investment proposition.