Aviva's adviser platform has seen its net flows down by 9% to £2.4bn in the first half of this year, as compared with £2.7bn in H1 2021, according to its latest interim results.
It said the reduced sales were due to "a combination of lower new business flows, reflecting current market volatility which has dampened investment activity, and a strong first half in 2021 which saw the benefit from pent up demand from savings accumulated in 2020". Aviva also reported that it was second by net flows in the adviser platform market, and its total platform assets under management (AUM) dropped by 7% to £40.3bn, from £43.1bn in the previous year. According to Fundscape, Aviva saw £1.38bn of net sales in the first quarter of 2022 - second only to Transact which brought i...
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