Platform and wealth manager Hargreaves Lansdown has launched three new ready-made portfolio funds that spread money across a range of global equities and bonds.

UK investors pumped £389m into retail funds in November but it was only the second month of positive net retail inflows in 2022.

Mutual provider Royal London has received High Court approval to consolidate the Royal Liver Sub-Fund and the Phoenix Life Assurance Ltd (PLAL) Sub-Fund into the Royal London Open Fund.

The independent investment research and fund rating firm RSMR has presented its annual fund manager awards this week – recognising some of the top funds and fund firms in the UK.