IMA

EASY AS ABC?

Fidelity has slammed the Investment Management Association (IMA) for deciding to rename the Managed sectors Managed A,B,C and D.

The Investment Management Association (IMA) is to scrap the existing definitions and names of the Managed sectors, renaming them Managed A-C and introducing a new sector, Managed D.

IFAs were not particularly concerned about changes to the Managed sector definitions, according to the IMA's focus groups. After seeing the IMA's proposals for the shake-up, I would suggest they definitely should be.

The Investment Management Association (IMA) has written to the Treasury urging the government to consider providing contributions to Junior ISAs at birth.

The Investment Management Association (IMA) has proposed scrapping the Active, Balanced and Cautious tags and merging the Absolute Return sector into a new managed sector, in its review of the Managed peer groups.

The Retail Distribution Review (RDR) will create "perverse" tax implications for consumers facing "significant uncertainties", the IMA warned today.

Tracker funds reported their highest ever net retail sales in Q1, although inflows into ethical products were below recent levels, according to IMA figures.

The North American sector saw its highest ever inflows in February as UK retail investors piled into overseas equities, according to the IMA.

Advisers should be able to decide when and to whom they recommend 'simple' products, the IMA says.