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April ISA sales hit record high
FUND platforms have reported their highest gross ISA sales on record, according to the Investment Management Association (IMA).
Gross ISA sales hit £1.3bn in April for platforms, ran by financial services firms such as Hargreaves Lansdown and Standard Life.
The tax-efficient products accounted for 39.1 per cent of all sales made through the platforms, the highest proportion of total sales on record.
“April’s statistics reflect a strong 2011 ISA season,” said IMA chief executive Richard Saunders.