Investment managers have said broader market participants must increase their efforts to ensure the LIBOR-linked bond transition deadline is met in six months’ time.

Savers invested £1.5 billion into funds wrapped by ISAs in April, bringing April’s total net retail sales to £6.2 billion. In the space of a month, savers invested £78 million more into ISAs than over the previous 12 months, data published today by the Investment Association (IA) reveals.

The UK investment management industry is calling on the G7 countries to do more to tackle climate change by committing to improve companies’ reporting on the climate-related risks they face.