Coutts & Co has agreed a major investment platform partnership with BlackRock for the launch of range of exclusive funds.

The agreement comes as Coutts looks to further reduce the cost of investing for the 12.5 million clients the private bank services across the wider NatWest Group.

Six products will be launched with clients next month.

Coutts chief executive Peter Flavel hailed the BlackRock pact as a further step by the bank in developing ways of “consistently passing savings on to our clients, as we have done over the last several years through our investment in technology”.