Bestinvest’s annual Spot the Dog report has named and shamed a record 150 investment funds that have performed dismally over the past three years - a 65% increase from the 91 funds in the last report and the highest number on record.

After record outflows of £10bn in March, UK savers pumped £4bn back into retail funds in April, according to figures from the Investment Association published today.

Invesco is making sweeping immediate changes to its UK equity fund range and team today following the exit of high profile fund manager and Neil Woodford protégé Mark Barnett.

Boutique wealth manager EQ Investors has unveiled Future Leaders Portfolios, a range of socially responsible, passive funds claiming to offer lower costs than many ESG funds.