Investment - Articles - Alliance waives purchase fee on 35 investment trusts

 Alliance Trust Savings today announces the launch of a special offer for its customers giving free online purchases on an extensive range of leading investment trusts.

 The promotion will run from 5 September to 16 October 2011 and means that Alliance Trust Savings customers will have the usual dealing fee of £12.50 waived when they purchase one of the 35 participating investment trusts online on the i.nvest platform.*

 The i.nvest platform has seen strong growth over the past year and in particular the last few months of 2011 with gross inflows (online purchases) into investment trusts more than doubling (103%) from 1 July 2011 to 31 August 2011 in comparison with the same period last year.

 In addition to the latest offer on investment trusts, Alliance Trust Savings also have an ongoing offer to waive the annual administration and transfer in charges for new customers on their Select SIPP until February 2012. Applications must be received no later than 30 September to qualify.

 Malcolm Dodds, head of investment services at Alliance Trust savings said:

 "Our customers continue to show a strong demand for investment trusts and so we have worked hard with our investment trust partners to give customers the chance to save money when dealing online.

 "The combination of our free dealing offer and also waiving our SIPP annual admin charge makes it an ideal time to buy investment trusts and we fully expect growth to continue in an upward trend.

 "The investment trust market is forecasted to grow as RDR approaches in 2013 and advisers increase the scope of the investments that they advise on."