United Kingdom, Professional
Change
Press Release
EMBARGOED: 10.30AM 24 February 2026 – Vanguard today is delighted to launch the Vanguard BlendedLife Dynamic model portfolio service (MPS). The range consists of five low-cost model portfolios that blend active and index investment strategies, designed for UK financial advisers who wish to combine the dependability of index funds with the potential for outperformance provided by active management.
To deliver the service, Vanguard has extended its longstanding relationship with Wellington Management, one of the world’s largest independent investment management firms, into the MPS space for the first time, drawing on their deep research and multi-asset heritage.
Gillian Hepburn, head of UK adviser solutions, Vanguard, commented:
“Increasingly, advisers we speak to are seeking more choice, as they look to meet the different needs of their client segments. For a growing group of clients, a blend of active and index investing within a single solution is of real interest.
“The Vanguard BlendedLife Dynamic Model Portfolio Range is therefore a ‘best of both worlds’ approach combining Vanguard’s history as pioneers of low-cost index investing and active manager selection, with Wellington’s portfolio construction expertise and history of navigating markets’”
Will Lockhart, Managing Director and Head of UK & Irish Distribution, Wellington Management, commented:
“Vanguard and Wellington have partnered for five decades on investment solutions for clients, and BlendedLife Dynamic MPS is a natural next step. It brings together Vanguard’s disciplined, low-cost approach with Wellington’s research led multi asset allocation approach to help UK advisers deliver resilient portfolios across risk profiles.”
Introducing the range
The Vanguard BlendedLife Dynamic MPS Range consists of five model portfolios investing across equities and fixed income, ranging from a 20% equity exposure to a 100% equity option. The exact
asset allocation of each portfolio is determined by Wellington Management using their proprietary research and forecasting expertise to adapt to market conditions over the medium and long-term.
Once established the asset allocation is implemented via a selection of Vanguard and third-party funds, chosen by Vanguard’s Oversight and Manager Search division. The index funds and active fixed income funds in the model portfolios are run by Vanguard, while the active equity component is enacted via carefully selected third parties. These include the likes of Schroders, Lazard, MFS Meridian, Pzena and Jennison.
Vanguard BlendedLife Dynamic MPS
| MPS Name | All-in cost* |
|---|---|
| Vanguard BlendedLife Dynamic 20% MPS | 0.34% |
| Vanguard BlendedLife Dynamic 40% MPS | 0.38% |
| Vanguard BlendedLife Dynamic 60% MPS | 0.41% |
| Vanguard BlendedLife Dynamic 80% MPS | 0.45% |
| Vanguard BlendedLife Dynamic 100% MPS | 0.45% |
*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.
For further information please contact:
PR_Team_Europe@vanguard.com
Or
Jonathan Goodstone, head of UK PR
jonathan.goodstone@vanguard.co.uk
07896278221
James Ikin, UK PR Specialist
james.ikin@vanguard.co.uk
07946056828
About Vanguard
Vanguard Asset Management, Limited is authorised and regulated in the UK by the Financial Conduct Authority. It is a wholly owned subsidiary of The Vanguard Group Inc., a leading provider of high-value investment services, whose mission is to help clients achieve their goals by being one of the world’s highest value providers of investment products and services. Since establishing the first indexed mutual fund in the U.S. in 1976, The Vanguard Group Inc., has grown into one of the world’s largest and most respected investment management companies. Globally, Vanguard manages $12 trillion on behalf of investors worldwide. (Source: Vanguard, as at 31 December 2025).
About Wellington Management
Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted advisor to over 2,500 clients in more than 60 countries. The firm manages more than US$1.3 trillion, as of 31 December 2025, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients (Source: Wellington Management, as of 31 December 2025). Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model; diverse perspectives through its unified, multi-asset investment platform; and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture.
For professional investors/trade press only.
This press release is issued for journalists in their professional capacity. The information contained herein does not constitute an offer or solicitation and may not be treated as an offer or solicitation in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so.
Investment Risk Information.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
For further information on the model portfolio(s) risks please see the Understanding the Risks: Vanguard BlendedLife Dymanic model portfolio solutions document at https://www.vanguard.co.uk/professional/model-portfolio-services/blendedlife-understanding-the-risks as well as the “Risk Factors” section of the prospectus of the underlying funds on our website at https://global.vanguard.com. For third-party funds, please visit the respective provider’s website.
Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or fall.
Investments in smaller companies may be more volatile than investments in well-established blue chip companies.
Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level of income may fluctuate. Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such may carry greater credit risk increasing the risk of default on repayment and erosion of the capital value of your investment.
The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.
The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund's net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.
Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investments.
Important Information
This is directed at professional investors and should not be distributed to, or relied upon by retail investors.
For further information on the investment policies and risks of the underlying fund, please refer to the prospectus and KIID of the underlying funds. For Vanguard funds, the KIID for each fund is available, alongside the prospectus via Vanguard’s website https://global.vanguard.com/. For third-party funds, please visit the respective provider’s website.
This is designed for use by, and is directed only at persons resident in the UK.
The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of "units/shares", and the receipt of distribution from any investment.
The Manager of the Ireland domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in accordance with the UCITS Directive, as may be amended from time-to-time.
For investors in UK domiciled funds, a summary of investor rights can be obtained via https://www.vanguard.co.uk/content/dam/intl/europe/documents/en/Vanguard-InvestorsRightsSummaryUKFUNDSJan22.pdf and is available in English.
For investors in Ireland domiciled funds, a summary of investor rights can be obtained via https://www.ie.vanguard/content/dam/intl/europe/documents/en/vanguard-investors-rights-summary-irish-funds-jan22.pdf and is available in English, German, French, Spanish, Dutch and Italian.
Issued by Vanguard Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority.
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