The boards of the £1.7bn Witan Investment Trust and Witan Investment Services have agreed to transfer the savings schemes to investment platform Hargreaves Lansdown with the aim of better serving account holders.
Both boards reviewed the current service available to savings scheme account holders and felt "a broader array of services" would be available elsewhere. In a joint statement, the boards said in light of the "increasing variety, capability and cost effectiveness of investment platforms in the wider savings market", customers would be best served by a transfer to a specialist investment platform, free of charge. The boards have chosen FTSE 100 name Hargreaves Lansdown as the recommended option though account holders may transfer to a different provider of their choice if they wish. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
