Assets under management fell 4.3% to £15.5bn at investment platform Ascentric in the first half of 2020, as parent group Royal London reported a loss before tax of £181m.

Pre-tax profit at Aviva dropped 29% year on year to £1.07bn for the first half of 2020, as the provider pledged to transform its performance and improve efficiency.

Walker Crips, the investment management firm with a Financial Planning-focused wealth management division, has reported full year profits for the year ended 31 March up 97% to £963,000.

Interim figures from Jupiter today underlined the impact of the Coronavirus pandemic as pre-tax profits plunged by 50% to £40.8m and Assets Under Management declined from £45.9bn June 2019 to £39.2bn in June 2020.