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Widows is the shock Isa leader

Autif hailed Scottish Widows as surprise champion of its first Isa fund

tables last week but prompted controversy as several listed managers

expressed concerns over the figures&#39 market-sensitive nature.

The tables, which rank Autif members by their unit trust Isa funds under management, show Widows towering over second-placed Fidelity with £2.17bn under


Fidelity, with £1.55bn under management, Jupiter, Aber-deen and

Invesco Perpetual were the only pure fund management houses to make it into

the top 10.

The figures are the first to give a clear indication of an individual

provider&#39s Isa sales, which have traditionally remained a closely guarded


At the end of the 2000/01 Isa season in April, listed managers such as M&G

and Inv-esco refused to disclose their Isa sales until their company

results had been published as it may have affected their share prices.

However, Autif will now make the figures publicly available on its website

every month.

Autif already publishes monthly tables of its members&#39 unit trust and Oeic

funds under management.

It says it has not published Isa funds under management until now because

it deemed them to be too strong an indication of gross Isa sales, a move

deemed commercially sensitive.

Communications director Anne McMeehan says: “We have not put them up until

now because we thought they might be commercially sensitive. But we felt it

was appropriate after two years to make the figures available. We are

acutely aware of the sensitivity of sales information but funds under

management is a different thing entirely.”

Invesco Perpetual head of sales Stuart Alexander says: “We will have to

look and review how we publish the figures to Autif in light of this.”


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