More money left individual savings accounts (ISAs) in November than was paid in, according to figures from the Investment Management Association (IMA), reports the Scotsman .
Net ISA sales came in at minus £3.1m, compared with plus £83m in October, and were down by £82m on November 2005. IMA figures also revealed retail sales were down to £716m in November, against £1bn 12 months earlier, says the paper. Funds under management rose 1% from October to £398bn –19% higher than November 2005. GERMAN CHANCELLOR Angela Merkel today called for the creation of a single transatlantic market through the harmonisation of EU and US regulations on financial instruments and goods, reports the Guardian. Launching her country's presidency of both the EU and the G8 group...
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