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IMA sales figures rocket in 2005

The latest IMA sales figures show retail fund sales rocketed in 2005 with the busiest year since the technology boom in 2001 rising to 8.5bn from 4.9bn in 2004.

Intermediaries accounted for 77 per cent of sales, up from 73 per cent last year, with December being a massive month accounting for 1.5bn in net retail sales. Of these, equities accounted for inflows of 780m while 353m went into bonds.

The most popular sales channel of 2005 was UK equity income with sales of 1.5bn. The IMA attributes the rise to strong stock market performance over the year. However Isa sales fell from 2bn in 2004 to 1.8bn, the lowest level since their launch.

IMA chief executive Richard Saunders says: During 2005 investors returned to the stock market, with net retail sales gathering momentum through the year and reaching their highest levels since 2001. Isa sales fell, however. So while there is more appetite for investment, people are no longer using Isas to the same degree.

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DB transfer shouldn’t be all-or-nothing

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