Asset manager buys 50% stake in DFM for £7m
Deal adds £800m in assets under management
Deal adds £800m in assets under management
It plans to cut acquired firm’s fees to 0.15%
As it prepares to bolster MPS range with responsible and sustainable portfolios
It will have a DFM charge of 0.25%
As the companies sign a three-year distribution deal
Products will be on mainstream platforms
To protect investors from sequencing and shortfall risks in retirement
Annual management charge will be 0.2% with OCF capped at 0.75%
Shortly after rival Schroders unveiled its own low-cost range
Portfolios will be made up of funds that exclude exposure to ‘controversial sectors’
Multi-asset range aims to address issues advisers face when running in-house models across platforms
It previously only offered investment advice to large institutional clients