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 for free
Signup and gain exclusive members-only insights
- 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
