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IMA reveals best retail figures in over 18 months

The IMA has unveiled its best net retail sales since May 2007 with over £1bn invested in UK domiciled assets.

The figures offer a timely boost for investment funds with October’s statistics showing an outflow of over £500m.

Equity funds marginally topped bond funds taking in £512m compared to £479m, however the corporate bond sector proved the most popular for investors with inflows of £340m.

Property funds continued to suffer with £140m of outflows, while commodity funds took in £40m.

Funds under management now stands at £338.3bn, a fall from the £462.6bn 12 months ago.

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Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.

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