Aviva has claimed that its adviser platform is now number one in the UK for net flows despite a 5% drop in platform net flows overall.

Assets across all advised platforms fell by 2.42% in the first quarter of this year.

Fund charges for five AJ Bell multi-asset funds have been reduced by over a third over the past five years to 0.31%.

Private equity firm Anacap-owned platforms Novia and Wealthtime are to be combined under the Wealthtime brand in the second half of this year.