Aviva  

Aviva's equity release arm sees new business soar

However, overall the company say total net outflows of £3.3bn, due to “anticipated strategic actions” totalling £3.7bn, from “clients previously part of the group, mainly in France”.

The turmoil in bond markets led assets under management to be reduced by 6 per cent to £218bn, primarily due to the impact on valuations of fixed income assets.

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Aviva said it does not have any exposure to the liability-driven investment market, other than the Aviva staff pension schemes.

The company completed the acquisition of Succession Wealth earlier this year, in a deal Aviva said would "significantly enhance" its presence in the wealth market.

ruby.hinchliffe@ft.com, sally.hickey@ft.com