Introducing BlendedLife
Our new range of model portfolios blending active and index funds: all at a low cost
Read our expert articleWhy choose BlendedLife Dynamic MPS?
Low cost
With an all-in-cost of 0.34% to 0.45%(1), BlendedLife is one of the lowest cost blended portfolios available to advisers (2).
Highly diversified
Over 23,000 equities and bonds, across 23 index and active funds (3).
A wealth of experience
We’ve collaborated with Wellington Management Company, one of the world’s oldest and most respected investment managers.
Staying balanced
Monitored and rebalanced for you every 3 months – so you can focus on your client relationships.
50 year track record
We have over 50 years’ experience in active fund manager selection and oversight.
(1) As at 24 February 2026. All-in costs include Ongoing Charges Figures (OCF) and an annual portfolio management fee that covers the discretionary management of the managed portfolio service, ongoing oversight, and regular rebalancing of the portfolios. The portfolio management fee is exclusive of VAT and any adviser, platform, or dealing charges. The OCF covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.
(2) Total fee for a blended MPS with balanced risk profile (model fee plus underlying OCF), across top 10 providers. Source: Morningstar Managed Portfolio Tool, data as at November 2025.
(3) Source: Vanguard, as at 24 February 2026.
What is BlendedLife Dynamic MPS?
BlendedLife Dynamic MPS combines index funds and active funds in a single portfolio.
Aims to deliver long-term growth.
Blends the potential outperformance of active with the diversification of low cost indexing.
Five asset mixes to choose from, from 20% equity to 100% equity.
Compare Vanguard Model Portfolios
See how our model portfolios compare to understand which might be right for your clients.
Vanguard LifeStrategy MPS Classic | Vanguard LifeStrategy MPS Global | Vanguard BlendedLife Dynamic MPS | |
|---|---|---|---|
Management style | Index | Index | Mix of index and active |
Asset allocation style | Asset allocation is set strategically for the long term. | Asset allocation is set strategically for the long term. | Uses long term forecasts to set asset allocation but can adjust that in response to market conditions. |
Investment manager | Vanguard Asset Management | Vanguard Asset Management | Vanguard Asset Management |
Investment adviser | Not applicable | Not applicable | Wellington Management Company |
Portfolio rebalancing | Quarterly | Quarterly | Quarterly |
Costs | All-in cost of 0.20% to 0.23%(1). Will reduce to an estimated 0.17%–0.18% from June 2026 | All-in cost of 0.20% to 0.23%(1). Will reduce to an estimated 0.17%–0.18% from June 2026 | All-in cost of 0.34% to 0.45%(1) |
Number of risk profiles | 5 | 5 | 5 |
Tilt to UK equities and bonds |
(1) As at 24 February 2026. All-in costs include Ongoing Charges Figures (OCF) and an annual portfolio management fee that covers the discretionary management of the managed portfolio service, ongoing oversight, and regular rebalancing of the portfolios. The portfolio management fee is exclusive of VAT and any adviser, platform, or dealing charges. The OCF covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.
Vanguard joining forces with Wellington
BlendedLife Dynamic is brought to you in collaboration with Wellington Management Company.
We’ve been offering multi-asset solutions with them since 1975, with Vanguard now managing more than £1,670bn(1) in assets worldwide.
What Vanguard does
Provides index funds, active fixed income funds and our Global Emerging Markets active equity fund for the portfolios.
Uses 50 years of experience in active management search and oversight to choose third party active equity funds.
Provides oversight and rebalances the portfolios.
What Wellington does
Uses proprietary modelling and over a century of investment expertise to provide asset allocation advice.
Uses long term forecasts to set asset allocation but can adjust that in response to market conditions.
Uses a detailed framework for allocating between index and active funds.
(1) Source: Vanguard, as at 31 December 2025
BlendedLife Dynamic MPS is available on:
Abrdn, Aviva, Quilter and Transact. More platforms coming soon.
Documents
Quarterly reports
Available from July 2026.
Factsheets
Available from April 2026.
Costs and charges
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Risk ratings for BlendedLife Model Portfolios
If you'd like to read more about how the BlendedLife range has been rated, you can access the risk ratings below. Risk reports from Dynamic Planner, Defaqto and EValue will be available soon.
