Alliance Trust Savings celebrates £7 billion high

Currently 80 per cent of assets on the platform are invested and managed by customers directly, making the Dundee-based investment trust the 5th largest direct to customer savings platform in the UK.

The growth of assets has continued into 2015, with just under 10 per cent growth already this year.

Alliance Trust Savings has continued to develop its strong proposition in 2014 which has helped to drive the increase in assets.

As well as successfully supporting a number of IPO’s in the past year, ATS said that it is also working towards implementing updates to its retirement proposition in time for the new pensions changes coming into force from 6 April.

Patrick Mill, Managing Director, Alliance Trust Savings (pictured), said: “I’m delighted that not only have we reached this exciting £7 billion milestone, but we’ve achieved it by adding over £1bn in assets since July last year. Given the market challenges during that period, I’m extremely pleased with this performance.

“This growth in assets has been driven by customers choosing to invest with ATS. We believe our transparent pricing model, combined with our expertise of administrating assets, and award winning customer service will continue to be a compelling proposition for private investors.

“The pensions reforms also present us with opportunities to attract new customers to our platform. Our products and services are well positioned for individuals seeking to maximise both their pensions savings and income as they enter retirement.

“I’m excited about the future prospects for our business and remain very confident about its growth potential.”