Aviva's platform net inflows have remained strong, holding onto the second spot in the market in the first quarter of 2018, despite its issue-riddled re-platforming project, according to Fundscape's latest data.
The life company's adviser platform saw £1.5bn of net sales in the first three months of 2018 - second only to Standard Life's two platforms Wrap and Elevate combined, which brought in a combined £1.6bn over the same period.
In 2017, Aviva had the second highest net sales of any platform in the advised space, again only behind the two Standard Life platforms.
The last calendar year saw Standard Life's Wrap and Elevate platforms bring in a net combined £7bn, while Aviva saw £5.7bn in net sales with Old Mutual next at £4.4bn.
Fundscape said it expected Aviva to feel the aftershocks of its re-platforming issues in its Q2 net sales figures.
Indeed, Aviva's £666m asset growth in the first quarter of 2018, according to Fundscape, was the largest proportionate growth of any advised platform at 3.3% of its total assets.
It was followed by Aegon (2%), AJ Bell (0.7%) and Zurich (0.3%) as the sector's total assets dropped from £592m to £569bn through the quarter.
This was attributable to the FTSE 100 and FTSE All-Share indices falling some 8% over the period, Fundscape said.
At £13.3bn, however, total net sales in the platform sector were about on par with both the previous quarter and 2017's first quarter.
"2018 will be a softer year than 2017, although flows will be more robust than earlier years," said Fundscape CEO Bella Caridade-Ferreira.
"The feverish demand for pension freedom transfers is likely to begin to wane because of falling transfer values and far greater regulatory scrutiny. Brexit, FCA studies and the global outlook suggest it will be a bumpier ride this year."
Aviva's recent re-platforming timeline
July 2017 'Re:Platforming' - Aviva admits to planned 'outages'
24 October 2017 Aviva confirms to Investment Week's sister title Professional Adviser it has delayed launch to mid-December 2017
9 November 2017 Aviva once more pushes back launch date from 11 December 2017 to 22 January 2018
23 January 2018 Aviva launches new FNZ-powered platform as experts warn advisers of "inevitable glitches" to come
29 January 2018 Aviva platform CEO Tim Orton tells Professional Adviser firm is working hard to resolve bedding-in issues
21 February 2018 Advisers tell Professional Adviser they are still experiencing multiple problems with the platform
20 April 2018 Aviva platform crashes, rendering it inaccessible for advisers
3 May 2018 Technology provider to the platform FNZ parts with its chief operating officer, Professional Adviser reveals
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