IFA inflow into mutual market increases to £90bn

Some £90bn will be put into mutual funds via intermediaries over the next four years, according to Merrill Lynch Investment Managers. Gary Withers, managing director at the group, said the IFA channel was contributing an increasingly large share of inflows to asset managers. Withers said in 1992 the UK asset management industry had £63bn under management. That has increased to more than £200bn today which represents annualised growth of 22% in the intervening years. According to research group Cerulli & Co this growth rate will increase to 65% annualised over the next four years which wi...