Fidelity sees Isa sales fall 19%

Fidelity Investments' claims its gross Isa sales for the 2002/03 tax year were down 19% on the previ...

Fidelity Investments' claims its gross Isa sales for the 2002/03 tax year were down 19% on the previous year, at £752m compared to £931m in 2001/02. In addition, Isa sales through the group's funds supermarket FundsNetwork, including Fidelity and third-party fund sales, were £395m in 2002/03, down from £426m. Transfers and re-registration business carried out via FundsNetwork was up 116% over the previous year.