Aviva Investors' operating profits tumble 11% on lower fee income

Aviva Investors' operating profits fell by 11% from £96m to £85m over the course of 2020 due to "lower fee income" over the year, according to the firm. In its annual results statement, the firm also revealed its revenue decreased by 5% from £542m to £515m, which it said was the result of both lower contribution from securities lending and clients de-risking - with lower demand for alternative strategies generally - and their asset allocation decisions leading to lower margins. This is despite the fact inflows into funds were positive at £208m, with £59.2bn of total inflows relative t...