Venture Capital Trusts figures for the 2017/18 year have shown the second highest fundraising since they began, with an increase of more than a third on last year.

The Association of Investment Companies (AIC) has added a new tool to its website allowing users to compare platforms.

Nearly eight in ten parents will rely on their cash savings to fund their child’s university costs and a further 20 per cent could be putting themselves at financial risk.

Transact remained the most popular adviser platform for purchases of investment companies during the whole of 2015, the AIC has reported.