Aviva’s wealth division has recorded an increase in net inflows for the nine months ending 30 September 2024, despite overall group outflows of more than £1.7bn.
The outflows, however, reflect a 17% improvement over the same period in 2023, when net outflows totalled £2bn. For the nine-month period, the provider's wealth arm recorded a 21% rise in net inflows, reaching £7.7bn, up from £6.3bn last year. This pushed assets under management (AUM) in Aviva's wealth segment to £192bn, thanks to performance across its adviser platform, advice business Succession Wealth, and direct wealth channels. Aviva said it plans to achieve £280m in operating profit within its wealth division by 2027. Aviva's overall business posted "profitable growth" acr...
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