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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.”

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