It will offer two actively managed portfolio ranges, the Index rang and the Blend range.

Each range will consist of four portfolios and will utilise the investment approach of Premier Miton’s multi-manager team, headed by Ian Rees.

The asset manager said it was launching its own MPS due to increasing demand from advisers.

Jonathan Wilcock, global head of distribution at Premier Miton, said: “We are seeing increasing demand from advisers for cost effective investment solutions that use the architecture of established investment platforms whilst tapping into the diversification benefits of multi-manager investing.

"We’ve combined the best of both worlds by providing access to our multi-manager team’s decades of investment experience and expertise, within an MPS framework.”

The multi-manager Premier Miton Liberation funds form a core part of each Blend portfolio, to provide access to more specialist investments not typically accessible on platforms or through an MPS.

The actively managed Index portfolios will consist of index funds selected by the team using the same investment approach.

The portfolios have target OCFs (ongoing charges figure) of 0.25% and 0.45% for the Index and Blend portfolios respectively.

Premier Miton expects the portfolios to be available across several investment platforms.

The asset manager hit the headlines in 2022 when it withdrew from acquisition discussion with rival River & Mercantile. Premier Miton said it had concluded that there was insufficient commercial merit to make a formal acquisition proposal.