Firm acts over vote uncertainty

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Investment and savings business Alliance Trust has announced it is to set up additional companies in England as a result of uncertainty surrounding the independence referendum.

The 125-year-old Dundee-based business said it was taking the precaution in order to protect its customers regardless of the outcome in September.

The trust currently has offices in Dundee, Edinburgh and London.

In a statement outlining the company’s annual results, chief executive Katherine Garrett-Cox said: “2014 is an important year for Scotland.

“The referendum in September is creating uncertainty for our customers and our business, which we have a responsibility to address.

“Regardless of the outcome it is critical that we are able to provide continuity of service and protection for their investments and savings.

“To give them full confidence, we have started work to establish additional companies registered in England, in order to provide operational flexibility and to complement our existing business in Scotland.”