FCA proposals to align rules for fund managers and discretionary investment managers pose a “material threat” to managed portfolio services, according to wealth management trade association PIMFA.

UK retail investors pushed £2bn into funds in March, the highest monthly inflow since December 2021.

Over half (55%) of investors say they are scaling back investments, according to new research.

The number of complaints about life and pension and investment companies fell by 8% during 2022, according to the latest data from the Financial Ombudsman Service.