IMA

Net retail sales hit a record £333m outflow in November, down from a £600.6m inflow in the corresponding month last year.

Adding new labels to IFAs and adviser services in the RDR will only cloud consumer clarity and confidence, the Investment Management Association (IMA) warns.

The Personal Accounts Delivery Authority (PADA) should set up an independent investment committee, says the Investment Management Association (IMA).

Total net sales of fund of funds dropped to £803.4m in Q3, down from £1bn the previous quarter, IMA figures reveal.

The July market fall was reflected in the latest IMA figures, showing a £1.8bn net outflow in UK domiciled funds.

The IMA has outlined a number of measures to enhance savings and UK competitiveness in its pre-Budget representations to the Government.

Costs, regulation and tax are particular concerns for the asset management industry, according to the IMA's Fifth Annual Industry Survey .

Net ISA sales dropped to £109m in June, down 43% from the corresponding month last year.

Regulation of financial services should be the last resort, not the first, says the Association of Independent Financial Advisers (AIFA).

The Investment Management Association (IMA) urges the European Commission to create a more level playing field at EU level between different savings products.