Aegon's adviser platform posts £1.8bn outflows as consolidation continues

This is compared with net outflows of £1.1bn in the prior year period. The provider said this reflects a "continued reduction of customer activity" due to the current macro-economic environment and increasing consolidation and vertical integration in non-target adviser segments. Its total platform assets under administration (AUA) consisting of its workplace platform and adviser platform increased by 11% to £111bn. A strategy to grow its advice franchise In April last year, Aegon announced the sale of its UK individual protection book to Royal London. Meanwhile, in August 2023, A...