Alliance Trust Savings adds 100 new funds to platform

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Alliance Trust Savings has added 100 new funds from four asset managers to its investment platform.

Marlborough, Fundsmith, Cornelian and Scottish Widows Investment Partnership have all been added to the platform which now offers 1,500 clean share class funds from over 40 fund managers.

The annual management charges for the Swip, Marlborough and Cornelian clean share class funds is 0.75 per cent with a 1 per cent charge for Fundsmith.

The group says it will be announcing more additions in the coming weeks

Earlier this year Fundweb reported the group was in the process of finalising charging levels for numerous funds. At the time, the group had yet to finalise terms with big asset managers such as Invesco Perpetual, Fidelity ad Schroders. It has since agreed terms with the majority of leading asset managers.

Alliance Trust Savings director of platform proposition at Elaine Maddison says the group has made the decision to move to clean share classes at the earliest opportunity which “has proved to be a smart one with HMRC announcing plans to tax rebates as additional income from the 6 April”.

Maddison says: “We have championed transparency for a long time and believe that offering a wide range of clean funds alongside our unique flat fee approach to charging is the most transparent, simplest and fairest option for all investors.”