Market uncertainty in January spurred UK savers to withdraw £642m from retail funds, the first outflows since March 2020.

Investors added £43.4bn to retail funds in 2021, the second best year on record, despite the pandemic.

AJ Bell has revealed the top 20 most popular funds and investment companies with advisers using its Investcentre platform.

A new study has found that over the longer term active funds have - on average - outperformed passive funds despite the fact that just 1 in 3 active funds have beaten passive funds this year.