The number of underperforming so-called ‘dog’ funds has soared by 170% with 151 equity investment funds consistently underperforming their relevant market index over the last three years.

UK equity funds have been named as the worst performers in the latest influential Spot The Dog report.

Bestinvest’s bi-annual Spot the Dog report, which names and shames poorly performing funds, has revealed that investors are paying £115m in fees a year to invest in 31 ‘dog’ funds.

Financial Planning firms have yet to see much impact from Russia's invasion of Ukraine, but have taken steps to reassure clients, according to leading Financial Planners.