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Sixfold boost for ethical funds

Net retail sales of ethical funds have grown sixfold in the past 12 months, says the Investment Management Association. Ethical inflows reached £135.5m in the third quarter this year compared with £23.1m at the same point in 2006. Fund of fund sales took a downturn, totalling £803.4m in Q3 compared with £1bn in Q2 and £894.6m in Q3 2006.

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Leadbay appoints new managing director

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Treasury looks to address advice gap

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