After months of outflows, investors returned to equity funds in July with the highest sales since December 2021, according to data from fund manager trade body the Investment Association (IA).

The Financial Conduct Authority has launched a new permanent digital sandbox to support innovative businesses and start-ups in developing new proofs of concept for products and services.

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.

The Investment Association, the fund managers’ trade body, is to join IOSCO, the global body for regulators and securities commissions, as an affiliate member.