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Alliance Trust Savings has published a list of the 20 most popular funds purchased on its platform in the run up to the end of the tax year. The ATS platform offers over 1,400 clean share class funds, the majority of which have no initial charge and offer some of the most competitive Annual Management Charges (AMCs) on the market.
The news today that the Government is launching a consultation on allowing the transfer of Child Trust Funds to Junior ISAs should be welcomed by the industry. Since the launch of Junior ISAs in November 2011 it quickly became evident that having two forms of child savings plans operating independently was causing great confusion amongst parents.
“Alliance Trust Savings strongly supports the FSAs consideration of a ban on unit rebates which have absolutely no part to play in the move towards transparency in the platform market..."
“The FSA’s original intention with RDR was to bring long overdue transparency to financial services...."
“The news that Fidelity FundsNetwork has put plans to list investment trusts on the platform on hold is surprising given that the FSA has made it clear that if IFAs are using a single platform, they must be able to evidence that it caters for the needs of all their clients..."
Alliance Trust Savings (ATS) has announced that it has significantly boosted its intermediary sales team from just one in January 2012 to eight full time salespeople from January 2013.