UK Platform Transformation Programme
H1 2020 highlights: delivering through disruption
Financial performance
Strategic progress
Operational improvement
£71m adjusted profit before
tax: Pleasing outturn in a
challenging environment
➤ Significant Platform migration
scheduled for Q4 2020
➤ Optimisation initiatives on
track to deliver c.£50m cost
saves
➤ Stable gross flows, resilient
integrated flows, significantly
improved net flows
➤ Strong rebound in AuMA from
March lows, closing at
£107.4bn at end-June
➤ Lighthouse acquisition
integration progressing well, in
line with plan
➤ Key management changes
announced to drive next stage
of Quilter's growth
Incremental tactical cost
reduction of c.£30m in 2020
Added new investment
managers and Restricted
Financial Planners
➤ Technology upgrades and new
system enhancements
implemented, remotely
Note: All figures within the presentation exclude Quilter Life Assurance ("QLA") unless otherwise stated.
Quilter
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