Three in four financial advisers have felt supported by their preferred discretionary fund managers (DFM) during the Coronavirus pandemic but service has been lacking, according to a new report.

Investec Bank will pull out of the retail structured product sector in the UK retail market from April, the company revealed today.

Adviser data and ratings provider Defaqto has added 1,047 risk-rated funds and DFM Model Portfolios to its Financial Planning software Defaqto Engage.

Standard Life’s Elevate platform is to add a new range of DFM partners for the first time through its new Separately Managed Accounts (SMA) service.