Our Statutory Disclosures
1 What
is Alliance Trust?
'Alliance Trust' and 'alliancetrust' are the brand names of Alliance Trust PLC and its subsidiaries.
2 This is the web site of Alliance Trust PLC and its subsidiary companies.
You are responsible for ensuring that you have access to a device that is able to access this website. You accept that Alliance Trust is under no obligation to you to overcome any restrictions on your ability to use this web site because of the specification of any device, configurations, operating systems, installed software, personal firewall settings or any other matter related to the access by you of this website.
The information contained on this site is for private individuals for their own personal use. Alliance Trust is not liable for any reliance placed on any of the data contained on this website by any user of this website.
You are not permitted to pass off any of the information displayed on this website as your own, or redistribute any data contained in it about market performance or specific fund performance to any other person, or incorporate this website of any part of it in any other website or domain.
In using the data contained on this web site you agree that:
(a) You are using it as a private individual and for no commercial purpose;
(b) You will verify the data before using it; and
(c) You will not distribute the data to anyone else.
2.1 What
steps have Alliance
Trust taken to ensure
the information
in this website
is accurate?
Alliance Trust has taken considerable care to ensure that the information in this website is accurate, as at the date of publication. However, no representation or warranty, express or implied, is given as to its completeness and accuracy. Nothing in this information or elswhere in this website shall exclude, restrict or limit our duties and liabilities to you under the Financial Services and Markets Act 2000 or any other requirements we are bound to comply with.
Any research or analysis contained in this website has been procured by Alliance Trust for its own use and may be acted on in that connection. It is provided to you only incidentally, and any opinions expressed are subject to change without notice.
2.2 Links
to other Websites
This website contains links to other websites. Using links to other sites is at your own risk. Alliance Trust is not responsible for the data protection policies of, nor does it endorse the content of, sites which are linked or can be accessed from this site or external sites that link with this site.
2.3 What
is Alliance Trust
policy on the use
of cookies on this
site?
Cookies are text files sent from a web server to an individual computer to enable the browser to 'remember' certain information.
We use cookies to record when an individual has confirmed that they have read and accepted the legal information on the site. This helps us to make sure that you do not have to answer this question every time you visit the site. Instead, you are asked to reconfirm your assent after a period of thirty days.
We do not gather any personal information about you or your computer by using these cookies. You can disable cookies generally by changing the relevant settings on your browser. However, please note that you will not be able to access some parts of the site if cookies are disabled on your computer.
3 Registered
Office of Alliance
Trust PLC and Alliance
Trust Savings Ltd:
Alliance
Trust PLC,
Registered Office: Meadow House,
64 Reform Street,
Dundee, DD1 1TJ.
Company Registration Number SC 1731
Alliance
Trust Savings Ltd,
Registered Office:
PO Box 164,
Meadow House,
64 Reform Street,
Dundee DD1 9YP.
Company Registration Number SC98767
4 Anti-money
laundering
Alliance Trust must adhere to anti-money laundering legislation. This requires us to carry out identity verification checks. If we cannot adequately verify your or your client's identification in accordance with the legislation, we reserve the right to refuse the investment. If the funds are invested prior to the identity checks being carried out, we will not release the proceeds until we receive adequate verification of your or your client's identity.
The information on Alliance Trust Savings and its plans in this website is directed at and intended for use only by UK residents. It is not intended for use by any other person and in particular residents of the United States of America.
5 Telephone
Security
For security, compliance monitoring and training purposes calls may be recorded.
6 PEPs,
ISAs, Investment
Plans and Pensions
from Alliance Trust
Savings Ltd
All Alliance Trust retail investment products and services and self select investment dealing services products are offered through the subsidiary Alliance Trust Savings Limited, a company authorised and regulated by the Financial Services Authority or Alliance Trust Savings Limited subsidiaries. You ought to be resident in the United Kingdom and have read and understood the information contained in any application form, and the warnings in this section 6 before selecting these plans and services.
6.1 Regulatory
Information
It is important
that you read and
understand this
page before proceeding
with any application
for a product from
Alliance Trust Savings
Limited, as it provides
legal and regulatory
information relevant
to any investment
in our products
referred to in this
website.
The information contained in this website does not constitute an offer of, or an invitation to apply for, securities in any jurisdiction where:
• such an offer or invitation is unlawful, or
• in which the person making such an offer is not qualified to do so, or
• to whom it is unlawful to make such an offer or invitation.
The information has been issued and approved by Alliance Trust Savings Limited and does not in any way constitute investment, tax, legal or other advice. Alliance Trust Savings Limited is not authorised to give investment advice and all its plans are provided on a direct offer transaction basis only. If you are unsure whether any of Alliance Trust's plans are suitable for you, please consult your financial or other professional adviser.
Before investing in any Alliance Trust plan you should read the handbook and Key Features Document. Investment in any of the Alliance Trust plans should only be made on the basis of the offer document (e.g. prospectus, brochures including Key Features Documents or other terms and conditions).
6.2 Risk
Warnings
Investors should be aware of the following risk factors when considering any investments available through Alliance Trust's plans and any investments in Alliance Trust's plans should only be made on the basis of the offer document (e.g. prospectus, brochures including Key Features Documents or other terms and conditions):
• Past performance is not a guide to future performance.
• The value of investments and the income from them may go down as well as up and are not guaranteed.
• You may not get back the amount you invested.
• For foreign currency denominated investments, changes in the rates of exchange between currencies may cause your investment and any income to go down or up.
• Legislation, taxation, and HM Revenue and Customs practice which may change without notice. In particular, the current taxation levels, bases and reliefs may depend on individual circumstances and could be changed at any time in the future.
• For security and compliance monitoring purposes, telephone calls may be recorded.
• Specific investments may have additional risks. You must read and ensure that you understand all plan documentation. Particular reference should be made to the further information and product specific risk factors detailed in the brochures and Key Features documents (KFD).
• You are responsible for selecting and managing the investments and the investment risks to which you are exposed.
• You should not use a plan to achieve a target benefit. Even where contributions are maintained there is no guarantee that a target benefit will be met, Inflation can erode the real value of capital.
• Investments in a particular company shares / bonds (securities), or an investment trust savings scheme can be high risk and may be subject to sudden and large falls in value and you could get back nothing at all.
• Alliance Trust charges and/or expenses may increase in the future.
• Inflation can erode the real value of capital.
• There is an extra risk of losing money when shares are bought in some smaller companies including penny shares. There is a big difference between the buying and selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them. The price may change quickly, and may go down as well as up.
7 Investment
in Alliance Trust
PLC
Investors, when considering an investment in Alliance Trust PLC, should be aware of the following risk factors and should only be made on the basis of an offer document (e.g. prospectus, brochures including Key Features Documents or other terms and conditions):
7.1 Risk
Warnings
• Past performance is not a guide to future performance.
• The value of investments and the income from them may go down as well as up and are not guaranteed.
• You may not get back the amount you invested.
• For foreign currency denominated investments, changes in the rates of exchange between currencies may cause your investment/the income to go down or up.
• Legislation, Taxation, and Inland Revenue Practice which may change without notice. In particular, the current taxation levels, bases and reliefs may depend on individual circumstances and could be changed at any time in the future.
• For security and compliance monitoring purposes, telephone calls may be recorded.
• An investment in the Alliance Trust is an equity investment and there are no guarantees.
• Alliance Trust has the ability to gear (borrow) which would magnify the impact of market volatility on the assets of Alliance Trust. We do not currently gear although we retain the right to do so.
• Investment trusts can make use of derivatives, if used for speculative purposes there would be a high risk of loss, due to the highly volatile nature of such investments. We do not currently invest in derivatives although retain the right to do so.
• The
price of shares
in Alliance Trust
will be affected
by the supply and
demand for them
on the London Stock
Exchange and may
not represent the
underlying value
of the assets of
Alliance Trust.
For these reasons,
investors may not
get back the amount
originally invested.
The price generally
stands below the
net asset value
of the trust ('at a discount') but it may also stand above it ('at a premium')
The growth of your
capital will depend
upon the movement
of the discount/premium
over the period
you own the shares,
as well as the growth
of the assets of
Alliance Trust.
• Investment
trust expenses reduce
the Trust's income.
The risk is that
where income is
low, expenses may
exceed the total
income received,
so the trust would
not pay a dividend
and the capital
value would be reduced.
When expenses are
charged to capital
as a matter of policy,
this will also reduce
the capital value
of the Trust.
7.2 Taxation
• The Alliance Trust PLC is unable to give specific tax advice.
7.3 Interest rates
• Interest rate changes will affect the capital value of the investment. There is likely to be an negative effect on capital in the event of rises in long-term interest rates.
8 AT Asset Management (Asia-Pacific) Limited
AT Asset Management (Asia-Pacific) Limited is a company incorporated in Hong Kong, (company number 1030510) with its registered office and principal place of business at 30/F One Exchange Square, 8 Connaught Place, Central, Hong Kong. It is a wholly owned subsidiary of Alliance Trust PLC. It is licensed and regulated by the Hong Kong Securities and Futures Commission.