With total portfolio costs falling, passive allocations rising and data reshaping portfolio construction, advisers and intermediaries are becoming more selective about the investment partners they work with. Performance still matters – but the strength of the partnership increasingly determines commercial outcomes.
Managers are expected to demonstrate clarity around decision-making, risk controls and how propositions evolve as markets, regulation and technology shift. In 2025, the MPS propositions gaining ground are those that bring operational efficiency together with transparent communication and genuine alignment.
Discover what nearly 100 advisers told us, and how providers are adapting, in the 2025/26 MPS Insights.
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