Investment switch deal extended

Wed, 14 Dec 2005

Alliance Trust Savings (ATS) has extended its cash offer for investors who would like to switch their individual savings accounts and personal equity plans to the provider.

Investors who switch to ATS will receive up to £250 to use towards exit charges and administrative help when they leave their current provider.

This offer is now available until January 31st 2006, after it was due to end in November.

"The success of this offer shows that investors value a little financial help with their exit charges, but also our efforts to cut down on the hassle of transferring," says Malcolm Dodds, manager of personal equity plans and individual savings accounts at ATS.

ATS has reported growth of more than 150 per cent in the number of plans and also the value of assets transferred to the provider's personal equity plans and individual savings accounts.

"Demand for transferring in has been much greater than we expected and this kind of response shows customers appreciate the benefits of consolidating their investments in a low-cost transaction-based plan that doesn't have a set-up charge or an annual plan charge."

ATS accepts transfers in securities or cash. This enables investors to keep their current investments, without the need for selling and repurchasing when they switch providers.

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