Revenue for core business at Parmenion rose 20% to £36m in 2021 as the platform swung from loss to profit following its sale by Standard Life Aberdeen in July.

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%.