Net flows for Aviva’s adviser platform rose 62% year on year to £4.2bn in the third quarter.

The quarter is the second largest for inflows for the platform.

The platform saw its highest ever inflows in the first quarter of this year as the platform recovered from its 2018 re-platforming issues which caused problems for Financial Planners using the platform.

Net flows for the whole savings and retirement business were up 21% to £7.3bn, with the provider also seeing strong inflows from its workplace business.

In a trading update today, Aviva said it expected to continue to see strong momentum for its savings and retirement business for the rest of the year.

Aviva Investors also saw a growth in net flows.

Aviva’s investment business saw positive net flows of £0.9bn in comparison to the £0.4bn outflows seen in the same period last year. Aviva said this was driven by lower internal net outflows and external net flows of £1.6bn.

The provider added that the pipeline of third-party business for its investment arm was strong and its shift towards ESG, real assets, infrastructure and credit was delivering improvements.

Amanda Blanc, group CEO at Aviva, reiterated the provider’s commitment to its environmental targets.

She said: “Aviva is targeting Net Zero by 2040 and we welcome the Government's plan, mandating financial institutions to publish transition plans. This will help to ensure that every firm making a Net Zero commitment - whether an insurer, a bank or an asset manager - is doing so in a robust and consistent way.”

The trading statement also included an update on Aviva’s reorganisation plans.

Earlier this year the provider provided further details on how it would return £4bn to shareholders by June, following the sale of eight of its business.

Aviva recently completed the disposals of its France and Italy general insurance businesses for £2.8bn and £284m respectively. The firm expects to complete the remaining sales in Poland, France life insurance and Vietnam by the end of the year. This will bring the £7.5bn divestment programme to a close.

The provider has commenced its £750m share buyback programme, with around £450m completed so far and said it is on track to return a planned £4bn to shareholders by June.