Kate Morrissey, Evelyn Partners’ head of asset allocation, says the emergence of low cost MPS is not sustainable. “A few years ago MPS pricing was coming in about 50 basis points and now it is 15-20 basis points," she says, adding: “What we are starting to see is people coming in at a 10bps level and that is not sustainable or profitable.” Read more: https://on.ft.com/3ZChRlo