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Sales of investment funds fall in August

New retail sales of investment funds fell in August to £766m from
£867m in July but were still 39 per cent higher than at the same point
last year, according to the IMA.
The trade body&#39s monthly figures reveal that sales were up from
August 2002&#39s level of £549m although net Isa sales fell to £235m,
down from £279m in July and £268.4m at the same time last year.
The biggest surprise was that gross retail sales of UK All
Companies surpassed UK Corporate bonds as the top selling sector
in August &#45 the first time this has happened this year.


Pink Home Loans joins AMI

Pink Home Loans has announced it is joining the Association of Mortgages Intermediaries in the face of the impending regulation of the mortgage market in October, 2004. Pink says it will offer comprehensive compliance solution to its customers post-regulation and its decision to join has been influenced by the necessity that its regulatory offering meet […]

Cable call to scrap the DTI

The Liberal Democrats are calling for the Department of Trade & Industry and its “Army of Sir Humphreys” to be scrapped.At the party conference in Brighton last week, Trade & Industry spokesman Vince Cable raised a proposal to kill off the DTI, which he believes is unable to simultaneously promote business and protect consumers.Cable says […]

Cap in hand

It is unsurprising that the industry is wary of predictions of price cap rises. This newspaper has carried predictions of a rise or at least reviews of the price on at least three occasions, all from well placed sources, although as time passes we have become more circumspect about how we report them.This week, we […]

Product matters – Schroder UK Alpha Plus

The success of the Schroder UK Alpha Plus fund has led Schroders to roll out the concept across other markets. The company now has a Japanese version, run by the top-performing Nathan Gibbs, and last week launched the Schroder European Alpha Plus fund, to be run by Adriaan de Mol van Otterloo.De Mol van Otterloo […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


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