February’s steady inflows were largely driven by bond funds, which saw inflows of £1.1 billion. Other funds followed the trajectory we saw in January, with North American equities and mixed asset funds continuing to see modest inflows in February.
We strongly welcome the abolishment of the lifetime allowance and the increase of the pensions annual allowance. This removes unnecessary complexity and creates a clear and unambiguous incentive for people to save for retirement and helps them achieve their long-term savings goals. It also has the potential to provide additional funds for investment in UK businesses and infrastructure through DC pension schemes.
The Investment Association (IA), the UK’s trade body for the investment management industry which represents 250 members managing £10 trillion assets under management, has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member.
UK investors put £1.4 billion into funds in January in a more positive start to 2023, following December’s outflow of £281 million, according to data published today by the Investment Association (IA).
The Investment Association (IA) is calling on the Chancellor to announce measures that will allow investment managers to capitalise on international opportunities, strengthen the industry’s ability to support growth in the economy and help the three-quarters of UK households who use the services of an investment manager secure their long-term financial futures.
UK investors took £282 million out of funds in December 2022, in the tenth month of net retail outflows of 2022, according to data published today by the Investment Association. This takes total retail outflows for 2022 to £25.7 billion. This is the first time that an annual outflow has been recorded, with the next lowest sales total coming in 2008 during the Global Financial Crisis at £4.2 billion. Over 2022, responsible funds bucked the trend of outflows, seeing £5.4 billion inflows throughout the year and tracker funds also saw annual inflows of £11.0 billion.