Alliance Trust and Second Alliance Trust are to give up their membership of the AITC. The two...
Alliance Trust and Second Alliance Trust are to give up their membership of the AITC. The two are not prepared to pay the 0.5 basis point contribution towards the continuing marketing and education programme the AITC is putting in place in support of the investment trust industry. They are not the only trusts to have misgivings about the levy. The AITC consulted with its membership between March and early June on the issue and claimed to have had almost a 90% favourable response out of the 220 trusts which responded to the consultation exercise. Since then, the AITC has be...
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