Legal & General Investment Management (LGIM) has launched its first Model Portfolio Service (MPS), which includes a range of growth and income model portfolios with varying risk profiles.

The MPS range, available to investors via their financial adviser, includes 21 growth-focused model portfolios, designed to cater to investors looking to grow their capital over time.

The initial pricing will be set at an annual management fee of 6 basis points. Investment styles are: index-focused portfolios, ESG-focused portfolios, and blended portfolios, which will invest in ac...