Fund Conversion update March 2014

We are pleased to announce the completion of our bulk fund conversion project.

All bundled share classes have been converted to clean equivalents where an equal or cheaper net annual management charge is available.

We have also given clients an option to trade out of an investment free of any dealing charges where there is no clean share class or where the clean share class has a higher AMC.

ATS managing director Patrick Mill says: “We have successfully completed this conversion within our own deadline of the current tax year, only converting the funds where our clients will be better, or at least as, well off in the clean share class. We have been pleased with the support from fund groups in helping us reach our deadline.”

Phase 2 of the project will be initiated which will be converting new transfer-in business into clean share class funds (if applicable) over the next few weeks.

ATS has now successfully completed its bulk fund conversion project. Over the coming weeks, we will begin the next phase of the project – converting clean to cleaner share classes. This involves converting clean share class funds into cleaner, cheaper AMC share classes where possible. Please see below for the list of the impacted funds.

A timeline of our fund conversion project can be seen below and a link to answers to the most frequently asked questions can be found on the right hand side of this page.

If your question is not covered please call 01382 573737 between 8am and 5pm Monday to Friday.

Calls may be recorded or monitored for training and security purposes.

Fund Conversion Updates

12 February
We have now converted Argonaut.
7 February
We are currently converting BNY Mellon (including Newton funds) and Prudential.
7 February
We have now converted Aviva, Cazenove, HSBC and Invesco Perpetual.
8 january
We have now converted Allianz, JP Morgan and M&G.
8 january
Cazenove Fund Managers have recently allowed direct clients access to their X share class on the Alliance Trust Savings platform. The X share class was previously restricted for advised clients only. As a result, we will be automatically converting 19 Cazenove funds over the next few weeks’
3 january
We have now converted Aberdeen, Blackrock, Jupiter, Schroders and SLI.
15 November 2013
The following funds are now available for conversion: AXA Framlington Managed Balanced Fund, AXA Sterling Corporate Bond R Fund, Fidelity UK Aggressive Fund, Investec Balanced Managed Fund, Investec Capital Accumulator Fund, Schroder All Maturities Corporate Bond, Schroder Managed Balanced Fund.
15 November 2013
We have now converted AXA, Fidelity and Kames.
15 November 2013
We have now converted Henderson.
1 November 2013
We have now converted Old Mutual.
25 October 2013
We have now converted L&G, SWIP and Threadneedle
18 October 2013
We have now converted Alliance Trust Investments, First State, Ignis and Neptune
3 October 2013
We have now converted Artemis, Baring, F&C, Investec and Martin Currie
3 October 2013
We have now converted Baillie Gifford, Ecclesiastical, JO Hambro, Premier, UBS and Franklin