UK retail investors pushed £2bn into funds in March, the highest monthly inflow since December 2021.

Schroder has trimmed fees on its 'low cost' multi-asset active fund range from 29bps to a maximum of 22bps and renamed the funds as part of an overhaul.

Investment, protection and retirement provider LV= is to replace Columbia Threadneedle Investments with BlackRock as its primary asset manager.

UK investors moved £409m into funds in February as ISA savers continued to commit to long-term investing, according to the fund sector's trade body.