FundsNetwork ISA sales up 37pc in 2006/7 season

FundsNetwork said this underlined the continuing trend of using platforms for ISA business and the emergence of a new SIPP season. FundsNetwork reported gross ISA season sales of £542m, an increase of 29pc on last year. Over the same period, the platform also experienced a massive uplift of 413pc for investments into its SIPP, taking net sales from £25m to £128m. On April 5 alone, £13.6m of ISA and SIPP investments were made at collection points across the country. The best selling ISA sectors for the tax year 2006/2007on FundsNetwork, based on bet sales, saw the UK Equity Income sec...