The newly-merged Premier Miton Group saw net outflows of £222m in its first quarter, figures for its first three months in business revealed today.

The completion of the merger of Premier Asset Management and Miton Group has seen the launch of a new company - Premier Miton Investors.

Premier Asset Management is to merge with rival fund manager Miton in a recommended all-share deal which will create a business with £11.5bn under management.