Bestinvest’s latest ‘Spot the Dog’ report on the worst performing funds reveals that investors have nearly £44bn tied up in underperforming investments.

The FCA has issued a warning about scammers running a clone of Bestinvest, the well known direct investment and SIPPs firm run by Financial Planner and wealth manager Tilney.

The biggest equity fund flops of the past six months have been revealed, with Aberdeen topping the league of shame.

A wealth management business has developed a way for clients to access key information about their investments through Amazon’s voice recognition device Echo.