Vanguard has launched LifeStrategy Global, a multi-asset range that will offer investors a fund that is weighted more in line with global market averages than its current offering.
There will be five funds in the new suite, ranging from 20% equity to 100% equity – the same as its traditional range.
The new suite will launch with an ongoing charges figure (OCF) of 0.2%, while the firm is to reduce the fees on its incumbent range to 0.2% (from 0.22%). It will also reduce fees on its MPS range to 0.17%-0.18%, down from between 20 and 23 basis points from June 2026.
“These reductions are estimated to return more than £10m to UK investors,” the firm said.
As part of a wider shake-up to the hugely popular £52.4bn LifeStrategy range, the home bias toward UK stocks will be reduced from 25% to 20%, while its preference for domestic bonds will fall from 35% to 20%. Changes will be gradual and will take place in phases from 27 March to June 2026.
“Today, our UK adviser clients express a clear preference for international diversification alongside a strong commitment to their home market,” the firm said in a statement.
Ben Summers, head of UK at Vanguard, said: “We’re proud to begin a new chapter for LifeStrategy. For over 15 years, it has become a trusted foundation for many UK investors’ portfolios and a benchmark for simplicity and accessibility.
“We’re building on that legacy by going a step further; reducing fees, broadening choice, and adapting to the changing needs of advisers and their clients.”