Aviva Investors has launched a new hybrid accumulation MPS with Surrey-based IFA Protection & Investment Ltd.
Aviva said it is partnering with IFA businesses to build tailored models to support their business.
The new MPS will offer five risk rated options based on the underlying investors’ risk appetite and return objectives with the strategic asset allocation managed by the firm’s multi-asset investment team.
Protection & Investment, which has 12 offices and 29 advisers in the south-east region, said it has also added Aviva Investors’ retirement income MPS solution within its centralised investment proposition.
It said the firm’s MAF Plus fund suite will form a key block of the asset allocation within the new MPS, alongside a blend of active and passive components from both Aviva Investors and external suppliers.
Neil Ledbrook, investment committee member at Protection & Investment, said: “We’ve spent a lot of time and energy developing a best-in-market centralised investment proposition for our clients, to offer clear and flexible solutions within an increasingly complex market environment.
“We have had a long-standing relationship with Aviva Investors through their MAF funds and their new MPS solution will form a key part of our CIP.”
Smera Ashraf, head of EMEA wealth at Aviva Investors, said: “The MPS market in the UK has seen significant growth over recent years, as investors look for efficient and cost-effective investment solutions.
“Following on the success of our retirement income MPS, we are very excited by our hybrid MPS, which brings the best of TAA as well as manager selection.”