Investec will no longer be charging VAT on its Managed Portfolio Service (MPS) on platforms, it announced yesterday (25 November).
The service re-launched in September with an annual management charge of 0.2 percent and a five-year track record. Investec said that prior to this announcement it already believed its MPS to be “one of the most competitively priced actively managed solutions on the market”.
The service allows access to a choice of five established risk-based ...
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