Almost a fifth (19%) of clients are investing in DIY investing platform accounts alongside their main portfolio through their Financial Planner, according to new research.

Aviva Investors is to close its suspended £400m Aviva Investors UK Property Fund after a run of poor performance and uncertainty over its liquidity should investors seek to redeem investments en masse.

FE Investments, which provides discretionary Managed Portfolio Services (MPS), has joining a growing band of fund managers in axing VAT from its fund sales. 

If there is one positive from the London Capital & Finance fiasco it is that the whole sorry business has prompted government and regulatory action to stop a repeat of LCF.