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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.”

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