SIPP and SIPP drawdown investors added more diverse assets to their portfolios, including equity income and corporate bonds, in December according to Hargreaves Lansdown figures.

The FCA has approved the first Long Term Asset Fund (LTAF) with Schroders becoming the inaugural provider.

Fund manager Vanguard is to axe its low-cost Financial Planning arm which was launched in April 2021.

The advised platform market has experienced its worst quarter for net flows since 2016 with just £4.3bn added in Q4 2022 - down £5.4bn on a year earlier.

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

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

Fund manager and SIPP provider 7IM has launched a range of multi-asset funds which it says will offer advisers low-cost and highly diversified passive investments.

Platform Transact has reported that quarterly Funds Under Direction fell 11% in the first quarter (to 31 March) from £39.31bn to £34.99bn, a drop of £4.4bn.

The Government has today launched a consultation which could see its Dormant Assets scheme significantly expanded to include funds and a wide range of other investments held by investors.