In the Spotlight: InvestAcc

Spotlight InvestaccIn the latest of our ‘In the Spotlight’ articles we catch up with Nigel Bennett, Business Development Manager at InvestAcc. Investment Sense: InvestAcc have been offering self invested pensions for 20 years now, but it’s probably fair to say that you are not the most high profile of SIPP providers, can you start by telling us a bit more about InvestAcc’s history? Nigel Bennett (right): Sure. The business started in 1992 and was originally operating as a practice based around self invested pensions for business owners. We were working ...

Investments: Alliance Trust increase charges

Alliance Trust, a favourite of DIY investors, have increased its charges on their Stocks & Shares ISA (Individual Savings Account) in a move that many financial experts believe is a direct result of new FSA (Financial Services Authority) rules to be bought in at the start of 2013. Retail Distribution Review The Retail Distribution Review, or RDR for short, will come into effect from 1st January 2013 and will stop platforms, such as Alliance Trust, taking payments from investment funds. At present many investment funds pay part of the Annual Management Charge, which is paid by investors, back to the platform. The ...