P1 cuts mannequin portfolio fees by 20%

P1 Funding Providers, the proprietor of the P1 Platform, has minimize fees on its core mannequin portfolio ranges by 20%.

The discount is being routinely carried out throughout platforms, the agency stated.

P1 stated fast AUM progress throughout the enterprise has generated economies of scale, permitting it to introduce the fee reductions.

The annual DFM price on P1’s Asset Tracker and Accountable Asset Tracker ranges have been minimize from 0.10% to 0.08%, and the Wealth Accumulator and Retirement Revenue ranges have fallen from 0.25% to 0.20%.

The Moral and Cash Market portfolios are charged at 0.2% and 0.05% respectively and stay unchanged, the agency stated.

Supply: P1 Platform

Property in discretionary MPS reached £208bn within the yr to Q1 2026, up 32%, in response to NextWealth’s 2026 MPS Asset Replace, which additionally discovered common asset-weighted charges falling from 0.54% to 0.49%.

PI stated the Client Responsibility signifies that corporations ought to frequently evaluate their services, making certain they proceed to satisfy the wants of their goal market, and that they’re delivering good client outcomes. Assessing value and worth is a key element of that.

James Priday, CEO of P1 Funding Providers, stated: “MPS charges needs to be easy and honest. There are nonetheless elements of our market the place pricing stays unnecessarily excessive, the place reductions are negotiated behind closed doorways for particular corporations, and the place the headline price is barely the beginning of the story.

“As we develop, we’ll preserve passing the advantages of scale by way of to advisers and their shoppers.”