P1 Investment Management reduces MPS charges

P1 Investment Management has reduced the charges across its managed portfolio service (MPS).

Fees on P1’s core model portfolio ranges will be cut by 20 per cent, with the reduction being implemented immediately across platforms.

The annual discretionary fund management fee on P1’s Asset Tracker and Responsible Asset Tracker ranges have reduced from 0.1 per cent to 0.08 per cent, while its Wealth Accumulator and Retirement Income ranges have fallen from 0.25 per cent to 0.2 per cent.

Meanwhile, the Ethical and Money Market portfolios, which are charged at 0.2 per cent and 0.05 per cent respectively, remain unchanged.

Assets in discretionary MPS increased by 32 per cent year-on-year to £208bn in Q1 2026, according to NextWealth’s 2026 MPS Asset Update, while average asset-weighted fees fell from 0.54 per cent to 0.49 per cent.

"MPS fees should be simple and fair,” commented P1 Investment Services CEO, James Priday.

“There are still parts of our market where pricing remains unnecessarily high, where discounts are negotiated behind closed doors for specific firms, and where the headline fee is only the start of the story.

“As we grow, we'll keep passing the benefits of scale through to advisers and their clients.”

---