AJ Bell launches three new portfolios in Gilt MPS range

AJ Bell Investments has expanded its Gilt MPS range with the addition of three new portfolios amid a ‘surge’ in adviser demand.

The three portfolios have maturity dates out until 2032 and follow the launch of AJ Bell’s Gilt MPS 4 portfolio in December last year, which now accounts for around a quarter of all assets under management across the range.

AJ Bell said this highlighted the demand for longer maturity Gilt MPS portfolios alongside the existing range of portfolios with maturity dates that start from later this year.

It added that the new portfolios would enable advisers and clients to gain access to a wider range of maturity options using the Gilt MPS ‘ladder’ approach.

The AJ Bell Gilt MPS range of new and existing portfolios will also be renamed to reflect their maturity dates, for example ‘Gilt MPS Final Maturity 2027’.

Advised clients can invest in the MPS range from £10,000, with the firm saying this meant more clients from a broader spectrum of wealth profiles could utilise the tax planning and investment opportunities offered by gilts.

“Since we launched our Gilt MPS range just under a year ago, we’ve seen a surge in demand from advisers looking for flexible, tax-efficient investment solutions to protect client wealth,” said AJ Bell Investments managing director, Ryan Hughes.

“After seeing significant appetite for the first three portfolios launched as part of the range, our fourth Gilt MPS portfolio released in December last year has already seen considerable inflows.

“We are therefore meeting that demand directly by launching three new Gilt MPS portfolios to give advisers even more flexibility.”

Hughes added that, as the end of the tax year approaches, advisers will be well positioned to support clients looking for alternative ways to protect their wealth while earning a secure return in a tax-efficient manner.

He argued that higher and additional rate taxpayers were even better placed when considering the gross equivalent yield versus a cash savings account.

“By expanding our range of portfolios out to 2032, advisers and their clients will be able to utilise an even wider range of maturity options using the Gilt MPS ‘ladder’ approach,” he added.

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