The first quarter of 2022 saw a significant shift in investment company buys by advisers with commodities soaring in popularity as markets around the world were rocked.

Investment company purchases by advisers via platforms hit a record £1,298m in 2021, an increase of 23% on 2020.

More adviser firms are buying investment companies via adviser platforms than ever before with an 18% rise in purchases year-on-year last year.

The chief executive of the Association of Investment Companies, Ian Sayers, is to step down later this year after more than 11 years in the role.