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Fidelity stretches its Isa lead

Fidelity looks set to retain its Isa season sales title convincingly as this year&#39s likely winners and losers are revealed in a new IFA poll.

The Keydata survey, which polled 4,000 IFAs, reveals ABN Amro as the unexpected second-placed provider following strong performance from Nigel Thomas&#39s UK growth fund and the launch of a UK select opportunities fund.

Jupiter is third despite a difficult year which saw the departure of chief executive John Duffield as well as many of its star fund managers.

Other surprises include Newton in fifth place and Norwich Union Investment Funds as the top life office-owned fund manager in sixth place.

The UK&#39s 86th-biggest retail provider Exeter Fund Managers is placed 14th.

The season&#39s biggest losers were Scottish Widows Investment Partnership, which failed to register in IFAs&#39 top 20 choices despite being the UK&#39s 10th-biggest retail fund manager. Its decision to centre its fund operations in Edinburgh after its merger with Hill Samuel saw many of its most talented fund managers leave.

Schroders – the UK&#39s second-biggest retail manager – was ranked only 15th.

The Keydata survey asks IFAs how many recommendations they are making for each fund manager and compiles an aggregate number of recommendations per group.

Director of retail sales Mark Owen says: “Our research has highlighted IFAs&#39 ability to identify funds outside the more recognised investment houses. The Norwich Union European growth fund and UK growth funds are prime examples.”

Fidelity marketing director David Cowdell says: “IFA sentiment towards Fidelity is very positive because our performance has been very strong.I imagine that is why some of the smaller groups have also been coming to the fore.”


Regulation training from the British Bankers Association

The British Bankers Association has launched a training package to help staff in the financial services industry prepare for the regulatory changes that will come later in the year when the FSA receives it authority.Working with ten leading high street banks, the BBA has developed an interactive compact disk which gives an overview of the […]

Merrill Lynch global appointments

Merrill Lynch Investment Management is appointing Robert Doll and Peter Gibbs as global chief investment officer and global chief operating officer respectively.Carol Galley and Stephen Zimmerman both retire from their posts as senior vice presidents and members of Merrill Lynch&#39s executive management committee and joint chief operating officers of MLIM.MLIM president Jeffrey Peek says: “Bob […]

Has the big gun shot itself in the foot?

The big high-street lenders will be watching Nationwide Building Society&#39s sales figures over the coming months to see if its flat-rate approach is winning and keeping business. But some commentators are predicting Nationwide will have to make an embarrassing U-turn and start offering front-end discounts to new borrowers, possibly before the end of the year.Nationwide […]

Norwich & Peterborough mortgage lending falls

Mortgage lending by Norwich & Peterborough Building Society fell by 32 per cent to £304m in 2000 from £447m in 1999.But Norwich & Peterborough increased profits by 1 per cent to £17.9m from £17.7m over the same period.Norwich & Peterborough chief executive Matthew Bullock says: “We decided not to join the number of lenders who […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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