Alliance Trust announce transfer of Temple Bar ISAs and PEPs from Investec

Alliance Trust Savings, the financial services company, has successfully completed the administration and management transfer of ISA and PEP plans for over 750 Investec Asset Management customers who are invested in the Temple Bar Investment Trust.

Investec Asset Management is the latest investment company to select Alliance Trust Savings as its preferred provider to take over administration of investment trust wrapper plans for its customers. These customers will be able to benefit from having multi channel access to their investments (post, online and telephone) and a cost effective transaction based charging structure with no annual plan charge.

Kelly O’Donnell, Director of Investment Trust Services at Alliance Trust, said, “We are delighted with the take-up of transfers from Investec Asset Management customers and we believe that we can offer them the benefits of our expertise in administering fair value investment plans and a personalised customer service.”

“As long as investment trusts are made fully accessible to the retail investment market on open architecture platforms such as ours, we believe that they can thrive alongside unit trusts.”