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12 August 2008

STOCKPLAN – low cost investment trust savings scheme

Investors looking for cost-effective ways of accessing the stockmarket can invest in STOCKPLAN - a flexible, low-cost investment trust savings scheme offered by SIT Savings Ltd, The Scottish Investment Trust PLC’s wholly-owned subsidiary.

STOCKPLAN provides access to the professionally managed portfolio of global equities of The Scottish Investment Trust PLC (SIT). SIT has a diversified equity portfolio and invests in a broad range of international equities. Although there is always an element of risk involved in any stockmarket investment, SIT aims to lower this by spreading investment over numerous companies and sectors around the world, while actively searching for investment opportunities.

STOCKPLAN has one of the most competitive charging structures in the market with no initial or annual management plan charges other than stamp duty (0.5%) and dealing spread. This means money invested into the plan is not eaten up by charges.

The plan gives investors flexibility by allowing them to start or stop their investment whenever they wish whether they invest monthly (minimum £25, there is no maximum), via lump sum (minimum £250, again there is no maximum), or through a combination of both options.

Sherry-Ann Sweeting, Marketing Manager, SIT Savings Ltd, said, “

“With the cost of almost everything from food to financial products rising around us, it is important to be aware of charges and how they can affect your investment, particularly so in times of market volatility, when charges can have a greater impact on returns.

“The low costs associated with the STOCKPLAN ensure that money invested is not eaten away by the high management charges found with some other types of investments.

No dealing charges (other than stamp duty) makes regular investment, especially for the smaller investor, a cost-effective option.”

Key product features of SIT’s STOCKPLAN are:

• No initial or annual management plan charges, other than stamp duty (0.5%) and dealing spread, which means the money invested goes further and is not eaten up by costs and makes regular investment a cost-effective option.
• Flexible payment options: Monthly payments (minimum £25) can be stopped and restarted at any time. Occasional one off lump sums can also be invested (minimum £250).
• A low withdrawal fee of just £10 + vat: There is no minimum withdrawal amount and withdrawals can be made at any time.
• Twice yearly statements

Investors can find out more about STOCKPLAN by calling SIT’s brochure request line on 0800 42 44 22, by visiting SIT’s website www.sit.co.uk, or by asking an IFA.

The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested.