Equity release excels for Aviva in Q3 while platform flows struggle

July to September results for wealth, annuities, platform and protection

Hope William-Smith
clock • 2 min read

Strong growth in equity release at Aviva over the third quarter of 2022 came alongside low volumes of individual annuity sales and a drop in net platform flows, latest results show.

The firm's Q3 results - published today (9 November) - are the first to come after its completion of the acquisition of Succession Wealth which was finalised in August. Advisers within Succession can now access Aviva's platform and multi-asset fund solutions, close to eight months on from the original announcement of the £385m deal. The results also show good sales growth across wealth (3%) and protection and health (4%). Wealth and other sales were up to about £17.5m between July and September with the 3% rise and driven in most part by strong performance across workplace offering...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Platforms

NextWealth managing director Heather Hopkins

A third of large firms to adopt the adviser-as-platform model

As predicted by NextWealth’s The Great Platform Shakeout Report

Ayesha Venkataraman
clock 19 January 2023 • 2 min read
Fidelity platform restricts investments into Abrdn PE trust

Fidelity platform restricts investments into Abrdn PE trust

Made restriction on 16 December in clients' 'best interests'

Valeria Martinez
clock 16 January 2023 • 1 min read
Nucleus announces acquisition of Curtis Banks Group for £242m

Nucleus announces acquisition of Curtis Banks Group for £242m

Deal aims to create the UK’s leading platform exclusively for advisers

Ayesha Venkataraman
clock 06 January 2023 • 2 min read