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Alliance Trust Savings investment platform review

We analyse the charges levied by Alliance Trust Savings and ask whether the fund supermarket provides good value for investors

In this article
Who is Alliance Trust Savings? What does Alliance Trust Savings offer? Is Alliance Trust Savings any good? What do customers say?
What are Alliance Trust Savings' charges? Who is Alliance Trust Savings good for? Who is Alliance Trust Savings expensive for? Get top money-saving tips from Which?

Who is Alliance Trust Savings?

Alliance Trust Savings is owned by Alliance Trust, an investment trust. Formed in 1986 to provide investors with a route to investing in the Trust, it has grown into an investment platform that also offers a full stockbroking service. 

What does Alliance Trust Savings offer?

The information below gives an at-glance view of the key things that the accounts and services Alliance Trust Savings offers.

Elements marked with a are offered by Alliance Trust Savings and those marked with a are not. 


 Advisory services


Advisory services allow you to access professional investment advice.


✓ General investment account


A general investment account that can hold different types of investments but doesn’t give tax-free benefits like pensions and Isas.


 Income drawdown


Income drawdown allows you to take money out of your pension to live on in retirement.


 Junior Isa


A Junior Isa is a tax-free savings account for under 18s.


 Savings accounts


A savings account is somewhere you can put your money so it can grow in value.




A Sipp is a pension where you have complete control over the investments you  put your savings into.


 Stocks and shares Isa


A stocks and shares Isa is a tax-free account that allows you to put your money in a range of investments.




An annuity is an insurance product which allows you to swap your pension savings for a guaranteed regular income that will last for the rest of your life


 Banking services


Banking services allow you to operate bank accounts, make transfers and make payments.


 Lifetime Isa


A #lifetime Isa is a tax-free savings or investment account designed to help people aged 18-39 buy their first home or save for retirement.

Is Alliance Trust Savings any good?

To get an idea of how good or bad Alliance Trust Savings is, we’ve analysed how customers feel. 

Which?'s rating for customer satisfaction is based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand.

Which? members can exclusively read the results of our unique customer satisfaction survey.

Members can log in to read our analysis. If you're not already a Which? member, you can take a one month trial to Which? Money for £1 to get instant access to all our reviews and results.


Aspect of service Star rating
Online tools Logged out padlock
Customer service Logged out padlock
Investment information Logged out padlock
Investment options Logged out padlock
Value for money Logged out padlock

What do customers say?

We’ve spoken to real-life investors who use Alliance Trust Savings and this is what some of them had to say:

  • 'I have had accounts with Alliance Trust Savings for 24 years and have never had any difficulties. [Previously] the fees were very reasonable - now they are fair for large accounts only'
  • 'Very good online service and always good when I ring them up with a question or a request for action'
  • 'Transparent fee structure - no percentage charge of total value which punishes investment success'
  • 'They have made quite a lot of administrative mistakes and need to be monitored'

Check out our guide on the best and worst investment platforms to see how Alliance Savings Trust compared.

What are Alliance Trust Savings' charges?

Annual charges

Alliance Trust Savings' charges the following fixed fees per account each month:

  • £10 for an Isa or Investment Dealing Account (IDA)
  • £17.50 - £23.75 plus VAT for a Sipp
  • £3.33 for a Junior Isa or First Steps IDA
  • £6.65 plus VAT for a Child Sipp

Trading charges

  • £9.99 per trade online for shares and investment trusts
  • £9.99 per trade online for unit trust and open-ended investment company funds
  • £1.50 per trade for monthly regular investments, and £5 for dividend reinvestment trades

We’ve estimated the cost of investing various sums in investment platforms over the course of a year in the table below. The costs assume you only buy funds (shares work out slightly cheaper with some companies), and make four purchases and four sales each year.

Amount invested Annual cost
£100 a month  £132
£5,000  £200
£10,000  £200
£25,000  £200
£50,000  £200
£100,000  £200
£250,000  £200
£500,000  £200

Source: Analysis by Which? Money correct as of April 2019

Read our comparison of investment platform charges to see how much investing with Alliance Savings Trust costs for a range of portfolios.

Who is Alliance Trust Savings good for?

Alliance Trust Savings offers an attractive service for those with larger portfolios who invest solely in funds and trade infrequently.

Who is Alliance Trust Savings expensive for?

Those with smaller pots are likely to pay quite a bit over the odds with Alliance Trust Savings. For example, a £10,000 stocks and shares Isa is likely to be cheaper with brokers that charge a percentage based fee.

Dealing commission, at £9.99, is a little on the steep side, although it does offer a discount if you are a client for more than five years.

Read our comparison of investment platform charges to see how much investing with Alliance Trust Savings costs for a range of portfolios.

And if you're thinking of using Alliance Trust Savings to take an income from your pension in a drawdown plan, read our comparison of pension drawdown charges

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