1 September 2008
·
New
fund supermarket with commission rebate model
·
Wide
range of funds and more than 3,000 other investment choices consolidated on one
platform
·
Allows
investors to deal online, by post or telephone
·
Clear
and transparent pricing structure across all products and services
Leading financial services
provider Alliance Trust Savings today announces the launch of its new fund
supermarket with a unique commission rebate model. Investors will now be able
to trade in a wide range of top funds alongside an already extensive range of
investment options including investment trusts, equities, ETFs, gilts and
corporate bonds.
Alliance Trust Savings’ new
fund supermarket will offer a choice of top funds from leading fund managers such
as Fidelity, BlackRock, M&G and Jupiter, with further fund management groups
set to join the platform shortly. With this wider investment choice, Alliance
Trust Savings will offer a one-stop shop for clients’ investment needs with a
flat charge for online dealing of £12.50.
Investors will have access
to wrapper accounts, including SIPPs
and self-select ISAs, and an extensive range of over 3,000 investment options alongside
the new fund choices.
Unlike other fund
supermarkets, the Alliance Trust Savings fund supermarket will offer investors
a unique commission rebate model. Under this ‘money back’ arrangement, Alliance
Trust Savings will rebate all the commission it receives from each fund
management house to investors for all funds held on the platform.
The table below illustrates
what this would mean for the client depending on the level of rebate for each
fund and value of assets held in a fund.
|
Portfolio value |
Annual rebate of 0.25% |
Annual rebate of 0.50% |
Annual rebate of 0.75% |
|
£20,000 |
£50 |
£100 |
£150 |
|
£40,000 |
£100 |
£200 |
£300 |
|
£60,000 |
£150 |
£300 |
£450 |
|
£80,000 |
£200 |
£400 |
£600 |
|
£100,000 |
£250 |
£500 |
£750 |
The new fund supermarket platform
will allow investors to consolidate their investments on one platform, giving
them an option of postal, online and a newly added real-time telephone dealing
service.
Malcolm Dodds, Business
Development Manager of Alliance Trust Savings, said:
“The launch of our unique fund supermarket marks a coming of age for our
sharedealing service. Not only will we be offering funds from the biggest names
in the market, we will be offering them on very attractive terms because we will
return to our clients any commission we receive on their funds.”
“Our platform will offer investors a great basis to manage their
portfolio, whether they are investing in stocks, shares or funds either
directly or through a wrapper such as an ISA or SIPP. We are able to host a whole
breadth of investment choices on our platform, making it even easier for people
to manage all their investments with us.”
Contacts
Jane Holligan, Media Relations
Manager Anna
Schirmer/ Stuart Lerman/ Anna Moulds Tel +44
(0)1382
306064 Tel
+44 (0)20 7490 8828 Mobile 07745
783212 Email alliancetrust@lansons.com Email jane.holligan@alliancetrust.co.uk |
Notes to editors