Alliance Trust in £150 re-reg teaser after Hargreaves disclosure

Alliance Trust Savings (ATS) is offering £150 cash back to customers who open a new account and transfer their investment from another provider to an ATS ISA or individual dealing account (IDA).

ATS managing director Patrick Mill said the offer may be attractive as "many savers will only now realise the costs they have been paying elsewhere for their investments". The move comes after rival Hargreaves Lansdown announced its 'unbundled' pricing structure earlier this week. From the 1 March Hargreaves will charge an annual fee of 0.45% for investments of up to £250,000 on its Vantage service, as well as a number of new charges for various actions - such as transferring to other platforms. The ATS offer applies to all ISA and IDA transfer-in applications into accounts opened ...