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 that 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 proposals are being examined as part of a review of distribution sales channels by a working group chaired by Jim Roberts, director ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
