IMA posts record September

clock

THE IMA has reported the "best September on record" for net retail sales, which soared to £1.5bn compared to £809m in the same month last year.

The third quarter as a whole proved a bumper sales period, according to the IMA’s chief executive Richard Saunders, who hailed it the best since 2000. In September investment funds under management were £386bn, compared to £325bn in 2005, and total net industry sales were £2.5bn – almost double the £1.3bn recorded this time last year. Net ISA sales were at £49m in September, a rise of £2m on the £47m sales in September 2005 but down by 11pc on August. The most popular sector during that month, the IMA revealed, was the UK All Companies which represented 19pc of gross retail sales. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Mansion House speech fails to mention Cash ISA reform

Mansion House speech fails to mention Cash ISA reform

Lack of coverage 'perhaps unsurprising'

Patrick Brusnahan
clock 16 July 2025 • 2 min read
Industry divided on Reeves' pullback on Cash ISA reform

Industry divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
Confined to the dustbin? Weighing up the future of the Lifetime ISA

Confined to the dustbin? Weighing up the future of the Lifetime ISA

‘LISAs only add to the already fragmented and complex ISA regime’

Rachel Vahey
clock 10 July 2025 • 3 min read