The new funds, from AXA, Miton, Old Mutual and 7IM, are now available to ATS investors as clean priced share class funds at a typical rate of 0.75%.
This continued expansion of the Alliance Trust Savings platform means it now offers over 1,700 clean share class funds, from over 45 fund managers. The majority of the funds have no initial charge and offer some of the most competitive Annual Management Charges on the market.
Alliance Trust Savings has always been a champion of transparent pricing and was one of the first platforms to introduce clean share class funds to advised and direct customers from 31 December 2012.
Sara Wilson, Head of Platform Proposition, at Alliance Trust Savings, says:
“These new funds from four well-known fund groups, follow closely from the addition of nearly 100 new funds last month and we are in talks with a number of other providers to further expand our investment offering, which also includes Investment Trusts, ETFs, ETCs and direct investment in equities.
“We have long championed transparency of charges within the platform industry and believe that offering clean funds, alongside our unique flat fee approach, is the simplest and fairest option for investors. Clean funds with no commission are now likely to become even more popular after HMRC’s decision to take income tax on commission rebates from April 6, if only to avoid the hassle of paying the tax. As well as providing access to the widest possible range of clean share funds for investments made post-31 December 2012, we have also committed to move all our pre-RDR rebate-paying investment customers into clean share classes by the end of this year.”
