IMA reporting clarity for supermarket sales

move signals association's attempt to give truer picture in monthly fund sales statistics

The IMA has taken the first step towards splitting out fund supermarket Isa sales in its monthly statistics in order to give a more accurate picture of fund sales It faces a number of issues in attempting to clarify the level of business done through the supermarket channel as well as which distribution channel those sales should be attributed to. At the moment, Isa sales information via supermarkets is difficult to ascertain due to competitiveness between the platforms and the lack of administrative capability to separate out sales data into channels, fund types and sectors. The ass...