Advised investors in the UK are outperforming DIY investors by more than 25% a year, according to a survey by a fund manager.

A Natixis Investment Managers global survey of 200 fund buyers has found that, against the backdrop of market volatility and uncertainty, professional fund buyers have shown a preference for active management.

Financial planning firm Tilney has appointed a new head of multi-asset funds.

IntegraFin Holdings, the holding company of platform provider Transact, has revealed a boost in funds under management in its latest figures.