Office for National Statistics show it is significantly below expectations
Investment trusts: 'Who are the dinosaurs now?'
Net retail sales of UK domiciled funds reached £2.1bn in April, the highest level since April last year and well above levels seen over the last nine months.
Fund providers are preparing for the RDR deadline at the end of the year by launching share classes without commission and platform fees.
Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm to become chief executive of Zurich's UK life business.
The FSA is to look into charges levied by UK fund management groups after its head of investments policy queried why they had been rising in recent years.