Net retail sales of UK funds totalled £2.8bn in April, the highest level since August 2021, according to data published by the Investment Association.

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.