Mutual provider Royal London has received High Court approval to consolidate the Royal Liver Sub-Fund and the Phoenix Life Assurance Ltd (PLAL) Sub-Fund into the Royal London Open Fund.

The independent investment research and fund rating firm RSMR has presented its annual fund manager awards this week – recognising some of the top funds and fund firms in the UK.

Investors pulled out £7.6 billion from funds in September, the eighth month of net retail outflows this year.

Investment fund data provider FE fundinfo has added new ESG features to its FE Analytics and FE CashCalc services to give financial advisers more information when choosing sustainable investments.