The IMA plans to stop counting Isa sales made via fund supermarkets when calculating providers' Isa...
The IMA plans to stop counting Isa sales made via fund supermarkets when calculating providers' Isa sales figures. In a paper outlining proposed changes to its statistical methodology, the IMA said although the sale of Isa-wrapped funds belongs to the provider, the Isa wrapper technically belongs to the fund supermarket. Accordingly, supermarket Isa sales should not be assigned to the provider but should be reflected in their overall figures only. The association is also canvassing possible changes to its classifications for fund of funds (fofs). Currently, such vehicles are classified ...
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