Quilter Investors will also launch a responsible investment multi-asset range.

The Cirilium portfolios will see a 12 basis points reduction in the fixed ongoing charge, dropping from 1.15% to 1.03%.

Meanwhile 15 basis points will be dropped from the Cirilium Conservative portfolio charge, down from 1.05% to 0.90%.

The ongoing charge of the Cirilium Blend portfolios will be cut by 11 basis points, falling from 0.85% to 0.74%.

Steven Levin, chief executive at Quilter, said: “It is important to constantly review where we can bring charges down and help maximise returns for clients.

“We want our investment range to be agile and respond to the needs of advisers and their clients.

“This is the latest step in doing this and look forward to collaborating with them more to help initiate and drive change in our investment proposition and deliver good customer outcomes.”

He said the change in costs does not impact the investment universe available to the portfolio managers and comes as part of a broader series of enhancements to the range.

In November, Ian Jensen-Humphreys and Sacha Chorley added management of Cirilium to their responsibilities, alongside Cirilium Blend, bringing consistency in terms of selection, process and accountability to the whole range across all risk levels, whether selecting active, blend or passive.

The business also recently announced it has enhanced its fund manager research capabilities with an extended manager research hub.

The hub will be 13-strong formed of three teams: an extended Manager Selection team; an enhanced Operational Due Diligence team and its existing Responsible Investment team.

Finally, Quilter said it will be launching a range of responsible investment multi-asset portfolios which mirrors the enhancements to the WealthSelect Managed Portfolio Service in 2022.