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Alliance Trust cuts paper use to help environment

Investment trust Alliance Trust Savings is launching a campaign aimed at helping the environment by halving the paperwork it sends to investors.

It predicts its Save a Tree in 2003 campaign could save up to 50 trees a year. Last year, it sent out a total of 920,000 sheets of paper in 368,000 envelopes to investors, equating to around 100 trees. By cutting this usage in half, it hopes to reduce that to 50 trees a year.

ATS says it is being helped in its drive by recent relaxations from the FSA which allow consumers to choose to receive half-yearly statements instead of one every time an investment takes place.

Another move it says will reduce paperwork is for investors to register online which gives instant access to account information.

Managing director Kevin Dann says: “Preserving the environment is something that we all need to take responsibility for and clearly many of our customers agree. After only two weeks, over 24 per cent of them have requested a switch to half-yearly statements – a reduction in paperwork that equates to saving 24 trees annually.”


Mortgage rate cut for UK residents buying in Spain

Halifax has cut the cost of buying a property in Spain following the decision to reduce mortgage interest rates at its Spanish subsidiary Banco Halifax Hispania.Loans for up to 60 per cent of the property value are now available at 3.705 per cent and at 3.955 per cent up to 70 per cent loan to […]

&#3916-24 year-olds too relaxed about debt&#39

The Mortgage Lender is warning 16 to 24 year olds have a worryingly relaxed outlook on debt and think nothing of running up debts of £3,130. Research by the specialist lender of 2,000 people last month shows this figure is over double the amount people older than 55 think is an acceptable amount of debt, […]

Forsyth Partners – Forsyth Alternative Income Fund

Tuesday, 11 March 2003 Type: Hedge fund Aim: Income and growth by investing in fixed interest hedge funds, sovereign, corporate and emerging market bond funds Minimum investment: Lump sum $20,000 Place of registration: Cayman Islands Investment split: 100% in fixed interest hedge funds, sovereign, corporate and emerging market bond funds Charges: Initial up to 3%, […]

Brokers facing £1,400 fees for loan regulation

FSA proposals for regulating mortgage and general advice could hit brokers with a bill for up to £1,400 in application fees, according to a draft consultation seen by Money Marketing.The LIA says the move could see up to 30 per cent of brokers decide not to become authorised.The paper, which outlines what it will cost […]


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