Platform engine and fintech Bravura Solutions has returned to making a net profit after tax following a year of mass cost-cutting exercises.

Aviva’s wealth business has reported a 16% growth in net flows to £5bn as its platform revenues saw a “significant improvement” in the first half of 2024.

Net new business for the wealth management arm of asset manager Schroders grew by 7% (£3.7bn) over the six months ended 30 June.

Total advised customers rose 7% year-on-year to 168,000 for investment platform AJ Bell, according to a trading update from the firm today.