AJ Bell has announced the launch of a new portfolio in its Gilt MPS range, Gilt MPS 4, which is available through its Investcentre platform.

The AJ Bell Gilt MPS range was launched in April 2025 amid record high markets, which drove demand for tax-efficient, flexible, and lower-risk investments to diversify client portfolios.

Its new Gilt MPS 4 portfolio seeks to add the next level of maturity with four gilts, maturing between 2026 and 2029, aiming to enable advisers to build cashflow solutions with certainty.

AJ Bell said the Gilt MPS range was launched to provide tax-efficient solutions for advisers to invest in gilts across rolling maturity dates to suit their clients’ needs, looking to cater to the rising popularity of UK gilts among advisers seeking cash-like returns.

Advised clients can invest in the range from £10,000, with AJ Bell seeking to allow a broader spectrum of wealth profiles to utilise the tax planning and investment opportunities offered by gilts.

The Gilt MPS 1 portfolio is no longer available to invest, as of 2 January 2026, as one of the two issues has matured, leaving one issue remaining in the portfolio.

“We are really pleased to be expanding our Gilt MPS range at a time when flexible, tax efficient investing is at the forefront of advisers’ minds,” commented AJ Bell Investments managing director, Ryan Hughes.

“Since launching the MPS earlier this year, advisers have told us of the increasing need for clients to be flexibility invested in lower risk assets that provide cash-like returns, something that is particularly helpful for investors in the decumulation phase.

“On top of this, record high markets have fuelled an appetite to diversify client portfolios and invest as tax efficiently as possible.”

Hughes added that short-dated, low coupon gilts trading below par offered an attractive option for clients, with the tax-advantaged treatment of gains at redemption making them a “compelling alternative” to cash or near-cash assets for clients seeking risk-free returns.

“As the Bank of England base rate eventually comes down and cash interest rates follow, advisers are well positioned to support clients looking for alternative ways to protect their wealth while earning a secure return in a highly tax efficient manner,” he continued.

“This is particularly relevant for higher and additional rate taxpayers when considering the gross equivalent yield versus a savings account.

“AJ Bell’s Gilt MPS brings a ‘ladder’ approach, offering gilts with a range of maturity options to advisers and their clients.”

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