Witan opens up to pensions investors with Alliance tie-up

The Henderson-managed £1.259bn Witan investment trust has joined forces with rival global growth trust Alliance in order to open itself up to pension investors. The Witan Simple Contribution Pension will be administered by Alliance Trust Savings, which already runs a Sipp-type pension product, as Witan has no in-house pensions capability. In return, the first £50 of any new pension investment made into Witan will be directed into the £1.334bn Alliance trust. Subsequent investments into the product by the same investor will be made entirely into Witan. Witan marketing manager James Bud...