There was a last-minute surge of activity from SIPP investors at the end of the tax year as they used the week after the Easter bank holiday to max their annual allowances.

CPI inflation fell from 3.4% in February to 3.2% in March, its lowest level for two and a half years, according to ONS figures published today.

Wealth manager and Financial Planner Brooks Macdonald continued to see outflows for the quarter ended 31 March as investors pulled out money.