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Autif shows IFAs taking 45 per cent of retail sales

Sales of investment products by IFAs rose by 28 per cent in 1998 to £9.5bn according to the Association of Unit Trusts and Investment Funds.

This figure represents 45 per cent of all financial retail sales for 1998.

Company salesforces completed £6bn of business in 1998. This is a 30 per cent rise from 1997 and takes its total share of the market to 29 per cent.

Institutions invested a net £3.7bn in 1998 matching their totals for both 1995 and 1996.


Leeds IFA raises £4,600 for children&#39s charity

Leeds IFA Andrew Pearson, a founding member of Pearson Jones, has presented £4,600 to the Yorkshire Children&#39s Spine Foundation after raising the money from a sponsored ten-day trek across Nepal.He was sponsored in his endeavours by many of his clients. He says: &#34It was a super trip and I would like to thank all my […]

Marks & Spencer ISAs attracting 1,000 applications a day

Marks & Spencer Financial Services says over 1,000 people a day are registering for its ISAs which will be launched in April.M&SFS will be offering a maxi ISA that will have cash and stocks and shares elements and a mini ISA for stocks and shares only.It will also offer a Cat-marked ISA which will invest […]


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