Alliance Trust offers gift voucher to new Select SIPP customers
Alliance Trust Savings has launched a New Year special offer for SIPP customers giving them a £100 John Lewis gift voucher for every new Select SIPP application made between the 9th January and 15th February 2012.
Customers could benefit significantly from Alliance Trust Savings’ promise to rebate 100% of any commissions they receive from fund managers which could save them up to £515 a year.
The Alliance Trust Savings Select SIPP is an award winning product that offers a wide range of investment choices with access to over 1,400 funds from over 40 UK fund managers. There is no set-up fee for the Select SIPP and the annual administration charge is only £135+VAT.
The competitive pricing of the Select SIPP is in line with Alliance Trust Savings’ commitment to providing customers with innovative products, which offer great value for money, enhanced by a rebate structure that returns 100% of all commission received from fund management groups.
Garry Mcluckie, Marketing Director at Alliance Trust Savings, commented: “We know that January is a popular time for consumers to review their finances in order to ensure they are getting value for money whether that be from their utility bills or pension.
“Individuals considering opening a Select SIPP with Alliance Trust Savings in the New Year get a SIPP with a low flat rate annual charge of £135+VAT, 100% fund commission rebates, wide investment choice and a £100 voucher for John Lewis as an added bonus.
“Our charges are fully transparent in line with RDR requirements and are set as a fixed, flat rate fee rather than as a percentage of the value of your investment. We consider this a more straightforward and honest approach to pricing and is not a tax on wealth, which paying an ad valorem fee can be. It is clearly unfair that a consumer with a £100,000 pension pot should pay ten times as much as a consumer with a pension pot of £10,000. That’s the reality of ad valorem charges and consumers need to think carefully about exactly what they’re paying in charges.
“In addition, our 100% fund commission rebate policy can help bolster investment growth and can increase the value of your pension pot by up to £515 a year compared with a product that retains rebates for charging and revenue purposes. We have always fully rebated any commission we receive straight back to the customer. This has the effect of reducing the amount of investment charges that customers pay allowing their pension pot to grow quicker. Add to this the tax benefits associated with a pension and we feel that we offer our customers a compelling SIPP proposition.”