The charges on the most expensive tracker funds are 20 times the cost of the cheapest alternative despite identical or near identical performance, according to new research by investment platform AJ Bell.

Platform and investment provider AJ Bell has warned that an estimated 1.8m more people will pay dividend tax by 2024/25.

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

A new study has found that over the longer term active funds have - on average - outperformed passive funds despite the fact that just 1 in 3 active funds have beaten passive funds this year.