IFAs are losing out to tied agents in the Isa sales stakes, according to latest figures from the Association of Unit Trusts and Investment Funds.
The figures show that tied sales forces were responsible for 68 per cent of Isas sales recorded in April, with IFAs languishing on just 15.5 per cent.
Tied agents share of the Pep market averaged 30 per cent while IFAs averaged 46 per cent of the market.
Gross sales for Isas invested in unit trusts and Oeics reached £556m in April.
National Savings says it has already received thousands of inquiries about its new two year pensioners guaranteed income bond.The bond goes on sale on 2 June.National Savings chief executive Peter Bureau says:”We are delighted to be able to offer savers more choice in the way they want to save.”
Stockbroker Walker Crips Weddle Beck has launched a maxi-Isa fund specialising in technology stocks.Investments into the WCWB High Tech Maxi Isa are split into three established technological funds. These are SG Asset Management, Aberdeen Asset Management and Framlington Investment Management.The three funds are the SocGen Technology, Aberdeen Technology and Framlington NetNet.WCWB charges investors a £15 […]
The PIA Ombudsman has warned that many free standing additional voluntary contributions are still being missold.In its fifth annual report, the ombudsman says there is continuing confusion over how FSAVCs should be sold. It says that its evidence suggests PIA guidelines are being overlooked or even ignored.And it says it has been receiving a significant […]
Glasgow Investment Managers Shires Income trust has posted a return on net assets of 8.5 per cent with a proposed final dividend of 5.4p in 12 months to March.This brings the total divident over 12 months to 17.5p. The assets now total £164m.
By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]
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The Government says almost £5m was obtained by pension scammers in the first five months of 2017
Sales skills in themselves are not a bad thing. It comes down to whether they are truly being used for the benefit of the client, not the adviser.
The merged company owns three platforms: Parmenion, Standard Life Wrap and Elevate, but is promising to keep ring-fencing.
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