New platform business rose 43% year-on-year to £20.9bn for the fourth quarter of 2024 as recovery got under way, according to new data.

Net flows at Aviva’s wealth arm climbed 23% in 2024, rising to £10.3bn from £8.3bn, as assets under management grew 17% to £198bn, from £170bn.

The Quilter Investment Platform and Aviva Platform were the two most recommended adviser platforms in 2024, substantially ahead of their rivals, according to new data.

Aviva has launched a new Shariah lifestyle investment strategy which will include a suite of funds compliant with Islamic principles.

Aviva-owned Financial Planning-focused Succession Wealth has acquired Leeds-based Financial Planning and wealth manager True Wealth Group, for an undisclosed amount.

One in five workers (20%) avoids organising and planning their finances, with some blaming anxiety or stress about their financial situation for their failings.

Succession Wealth has appointed Roger Marsden, managing director, retail UK savings and retirement at Aviva, to become its new CEO.