2021 Results
PROFIT BRIDGE
£m
9.6
17.4
(1.1)
1.2
(2.4)
(7.7)
(1.2)
3.2
(1.5)
Increase in avg Reduction in net Other income
FY20
PBT
additional
1.5mths revenue
from the former
AuM (flows) and management
fee margin from
65.9bps to
65bps
Miton funds
major
component
being initial
charge on UK
Smaller
Companies
Annualised
increase in fixed
costs associated
for 1.5 months
of former Miton
staff and impact
of new joiners
at the end of
2020
Change in
variable
remuneration
due to higher
AuM and full
12 months of
former Miton
funds
Increase in
overheads
including fund
accounting
costs
Increase due to
full annualised
cost of SBPS, &
amortisation
17.5
Premier Miton
INVESTORS
Reduction in
merger and
exceptional
costs
FY21
PBT
2021 Results
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