UK investors put £2.8bn into funds in April – a £1bn increase on March and the highest level since August 2021, according to Investment Association figures.

UK retail investors pushed £2bn into funds in March, the highest monthly inflow since December 2021.

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.