The boards of the £1.7bn Witan Investment Trust and Witan Investment Services have agreed to transfer the savings schemes to leading investment platform Hargreaves Lansdown to better serve 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. ...
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