IAM's Financial Overview and Growth Strategy
Analysis of operating expenses
Analysis of expense growth (HY20, £m)
185
7
66%
2
3
1
Breakdown of non-staff expenses¹ (HY20)
198
14%
Non-staff expenses
6%
65%
Staff expenses
10%
HY19
Staff
expenses
Systems and New
information offices
Other
HY20
Analysis of expense growth (FY19, £m)
339
9
69%
7
5
8
368
Non-staff expenses
66%
Staff expenses
FY18
Staff
expenses
Systems and
information
New
offices
Other
FY19
28%
■Fund Administration
■ Accommodation
■ Systems
■ Information
11%
16%
■ Promotional
■ Travel
Overheads
15%
Strong cost discipline
• Investment to support our long-term growth
ambitions
Substantial variable component within staff
expenses ensures alignment with firm-wide
performance
39 Notes: Analysis excludes Silica expenses and expenses related to movements in the deferred employee benefit scheme (offset by an equal and opposite amount included in revenue in the financial statements).
1. Excludes Silica expenses; however, includes Silica as a non-consolidated third party provider within Fund Administration.View entire presentation