Bestinvest’s Spot the Dog report, which highlights consistently underperforming funds, has revealed that investors have £67.4bn tied up in 137 poorly performing ‘dog’ funds.

The FCA has given firms four more months time to comply with its newSustainability Disclosure Requirements' regime and new investment label rules.

The FCA has released the ESG labels to be used by fund managers and other authorised firms that market sustainable investment products.