Friday, 12 July 2013 12:38
Alliance Trust Savings chooses Altus for re-registration process
Alliance Trust Savings has selected Altus for its online re-registration of client assets.
It has also signed up for the industry body Tax Incentivised Savings Association TEX agreement. This will help the re-registration of assets to agreed standards between participating members.
Alliance Trust Savings hopes these changes will allow clients to transfer assets without being out of the market for a long period.
Although the firm has been offering re-registration for several years, the RDR has prompted it to offer a more efficient service. The new service will now mean transfers take within five to six working days.
The firm said requests to transfer assets to Alliance Trust Savings had increased by 40 per cent in the first quarter of 2013.
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Elaine Maddison, proposition and service director, said: "We are delighted to be partnering with Altus to automate our existing fund re-registration process. Altus' understanding of our business and their desire to help us improve our service proposition for our customers was the decisive factor."
Ben Cocks, product director at Altus, said: "It is really important to see such a key player in the investment industry as Alliance Trust Savings embrace open standard based transfers and re-registrations.
"It is further evidence of the momentum behind automated transfers processing which is good news for the industry and will ultimately deliver better outcomes for consumers."
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It has also signed up for the industry body Tax Incentivised Savings Association TEX agreement. This will help the re-registration of assets to agreed standards between participating members.
Alliance Trust Savings hopes these changes will allow clients to transfer assets without being out of the market for a long period.
Although the firm has been offering re-registration for several years, the RDR has prompted it to offer a more efficient service. The new service will now mean transfers take within five to six working days.
The firm said requests to transfer assets to Alliance Trust Savings had increased by 40 per cent in the first quarter of 2013.
{desktop}{/desktop}{mobile}{/mobile}
Elaine Maddison, proposition and service director, said: "We are delighted to be partnering with Altus to automate our existing fund re-registration process. Altus' understanding of our business and their desire to help us improve our service proposition for our customers was the decisive factor."
Ben Cocks, product director at Altus, said: "It is really important to see such a key player in the investment industry as Alliance Trust Savings embrace open standard based transfers and re-registrations.
"It is further evidence of the momentum behind automated transfers processing which is good news for the industry and will ultimately deliver better outcomes for consumers."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
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