Witan investment trust is to launch a savings scheme in September. It is designed to attract investo...
Witan investment trust is to launch a savings scheme in September.
It is designed to attract investors saving for their children. One key feature of the product is that it will not be marketed under the Witan name.
James Budden, marketing manager at Witan, said: "The launch will coincide with the start of the AITC 'its' campaign.
"Hopefully there will be a lot of new investors coming into the industry and we want to make it as easy as possible.
"On the back of the industry's generic campaign we aim to target specific markets with a range of new products all based around the Witan Trust.
The scheme will be slightly different from the trust's existing savings plan. The minimum lump sum payment will be £100 whereas on the existing scheme it is £500. The minimum monthly payment of £25 is half the figure on the existing scheme.
Witan is one of the largest trusts in the industry with assets of more than £1.52bn.
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