Psigma Investment Management confirms it will no longer apply VAT on the Managed Portfolio Service (MPS)

Psigma Investment Management has confirmed that it will no longer apply VAT on the Managed Portfolio Service (MPS), effective from 1 January 2021. This will apply to MPS, MPS on platforms and the Socially Responsible Investment (SRI) range of MPS.

A spokesman for the company said:

“This change means that we can now offer our adviser partners and their clients our asset allocation expertise and investment management services at a lower overall cost, regardless of which MPS service they choose to invest in.”

Andrew Cantouris, Head of Psigma Investment Management, added:

“This is a very positive step, which enables us to offer our highly rated, core model-based investment management services, including our recently launched SRI MPS range, at an even more competitive price, benefiting and doing the right thing for clients.”

For more information, please visit: https://www.psigma.com/