UK Platform Transformation Programme
Updated financial guidance continued
Net client cash flow
Previous guidance
Target: NCCF of 5% of opening AuMA (excluding QLA) per
annum over medium-term
Updates to guidance
No change to target over the medium-term - expect to
build back to target following PTP completion and once
impact of COVID-19 market volatility fades
Revenue margin
Continue to expect gradual decline given Platform
repricing and expectation for normalisation of Quilter
Investors' margin progression
Broad direction remains unchanged
Managed
separation &
standalone costs
LTIP costs
Standalone listed group operating costs now reflected in
cost base at full run-rate
Remaining £4m managed separation costs to be incurred
in 2020, principally re-branding
New Quilter Performance Shareplan will result in
additional LTIP staff costs in 2018 and later years
LTIP costs to increase steadily on a phased basis to
approximately £15m per annum by 2020
No change
No change
Quilter
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