Jupiter fund sales success despite key departures

Group raised £875m gross in the last tax year despite exit of key staff to new star

Jupiter's sales have been holding up well despite losing key fund managers to its fledgling rival New Star. Jupiter, which was much maligned last Isa season after several key staff left to join the group set up by its former owner John Duffield, estimated it has raised some £875m gross for both wrapped and unwrapped sales over the 2001/02 tax year. From January 2002 to 4 April, the group's total sales amounted to £340m. Historically, 75% of the group's total sales are Isa and Pep business. If this trend continues this year, it means the group has had a total of some £656m in Isas over ...