Supermarkets dominate Isa sales

distribution

Fund supermarkets have consolidated their position as the dominant Isa player this year. Cofunds ma...

Fund supermarkets have consolidated their position as the dominant Isa player this year. Cofunds marketing director Rick Andrews said the platform has been taking in gross sales of £150m per month on average over the past quarter, including re-registration, a 250% increase on the same period last year. Selestia"s first-quarter inflows are up just under threefold over this time last year. The platform took £104.6m, up from £72m in the fourth quarter of 2003 and £35m in the first quarter of 2003. FundsNetwork has also seen healthy increases in gross Isa sales. Including re-registration, i...