P1 cuts mannequin portfolio prices by 20%

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

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

P1 mentioned fast AUM development throughout the enterprise has generated economies of scale, permitting it to introduce the price reductions.

The annual DFM payment 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 Earnings 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 mentioned.

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 mentioned the Client Obligation implies that corporations ought to often assessment their services and products, making certain they proceed to fulfill the wants of their goal market, and that they’re delivering good client outcomes. Assessing value and worth is a key part of that.

James Priday, CEO of P1 Funding Providers, mentioned: “MPS charges ought to be easy and truthful. There are nonetheless components 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 payment is barely the beginning of the story.

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