Aviva has reported UK net fund flows almost doubled to £5.6bn in 2017, up from £2.9bn in 2016, partly due to large inflows into its advisor platform, which saw assets under management swell by 56% to £20bn.
In Aviva's 2017 results, published today, the firm pointed to mandate wins in workplace pensions and new money on the advisor platform as key drivers of flows. Aviva Investors' AUM rose to £353bn from £345bn in 2016. Net inflows climbed to £1.6bn, up from £1bn in 2016, benefitting from higher inflows into internal core propositions with market and foreign exchange movements adding £5.9bn to AUM. Aviva Investors fund management revenue increased to £577m, up 14% from £506m in 2016, on the back of higher average AUM, an increase in revenue margin due to the expansion of the third party ...
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