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/