Aviva platform sales hold strong despite re-platforming issues

'Aftershocks to be felt in Q2 sales'

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. Aviva makes plans to buy back £600m shares Fundscape s...