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Tracker funds see £196m in outflows

Tracker funds saw outflows of £196m in the first quarter, according to the Investment Management Association. This time last year, outflows were only £32m.

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Rediscovering wraps

A resurgence in investment bonds is expected as the life industry migrates its product structures to conform with the FSA’s retail distribution review. While sales of investment bonds, both on and offshore, still look flat relative to their 2007 levels, greater interest in the wrappers is becoming evident. Tax and pension changes implemented in April also appear to be bolstering the product that a year ago many were calling outdated.

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