Alliance Trust will open flat-fee fund supermarket

Alliance Trust will launch its own flat-fee fund supermarket later this year. The group, best known ...

Alliance Trust will launch its own flat-fee fund supermarket later this year. The group, best known for its giant eponymous investment trust, said the supermarket will differ from its rivals as it will target private investors as well as intermediaries. The announcement follows the March launch of its online dealing service, which allows investors to trade equities, gilts and investment trusts at a flat fee of £12.50. Unit trusts and Oeics can also be traded on the platform at a £15 purchase cost and £30 sale price, although Alliance Trust said it intends to bring these charges down when t...