View more on these topics

Sales of retail funds rocket 84 per cent in December

Net retail sales of investment funds rocketed 84 per cent from November to December, according to the IMA.

The trade body&#39s monthly figures reveal that net sales hit £834m in December from £480m in the previous month. Isa sales were up 5 per cent, to £209m from £201m.

Total funds under management in 2003 grew to £240bn from £195bn at the start of the year.

Recommended

NU poised to enter home-reversion market

Norwich Union is considering launching a homereversion plan as it believes the product has benefits which a mortgage-based equity-release scheme cannot match. Head of marketing Paul Stokes says the fundamental benefit of a home-reversion plan is that the borrower is able to leave a fixed legacy to their inheritants as they will always own a […]

FSA selects XBRL for electronic reporting

The FSA has picked Xtensible Business Reporting Language as the blueprint for the set of electronic reporting standards it will develop, opting for XBRL over Origo. XBRL is an electronic messaging system used by accountancy groups worldwide which condenses complex financial data. Starting from 2005 with a phased introduction until 2007, regulated firms will report […]

Boost for advisers as least worst rule axed

The least worst option has been abolished in final rules for mortgage regulation, meaning that lenders and intermediaries must send potential borrowers to an IFA if a product in their own range does not exactly meet their needs. Tied brokers or lenders will be prevented from recommending a product unless it is entirely suitable and […]

NU looks to pick up Swiss Life UK group IP business

Norwich Union Healthcare has launched a dedicated group income protection support team, to help advisers looking to find a new home for group clients not automatically being offered renewal terms by Swiss Life, after its recent announcement that it is closing to new business. The NU team will offer advice and support to choose benefit […]

International jurisdictions

By Neil Jones, Canada Life Investing through international providers has grown in popularity over recent years as investors seek out the benefits of gross roll-up and the wider range of investment options that can be available. When considering a recommendation for a lump sum investment, not only does the adviser have to select a suitable tax wrapper […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com