Platforms  

Alliance Trust Savings takes step towards automated re-reg

Alliance Trust Savings has made moves to improve its re-registration capabilities by sealing a deal with technology provider Altus to automate this process.

The platform has also signed up to Tex, an agreement of re-registration standards put together by the Tax-Incentivised Savings Association.

A statement from the platform said the deal with Altus would result in “an improved, more efficient re-registration service”. It claimed to have experienced a 40 per cent rise in requests to transfer assets onto Alliance Trust Savings in the first three months of 2013, compared with the first quarter of 2012.

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Elaine Maddison, proposition and service director at Alliance Trust Savings, said the Altus deal would allow re-registration to be completed “within 5-6 working days”.