Wrap Text
Annual Report and Accounts 2025 and Notice of Annual General Meeting 2026
QUILTER PLC
Incorporated under the Companies Act 1985 (UK) with registered number 06404270 and
re-registered as a public limited company under the Companies Act 2006 (UK)
ISIN CODE: GB00BNHSJN34
JSE SHARE CODE: QLT
17 March 2026
Quilter plc
Annual Report and Accounts 2025 and Notice of Annual General Meeting 2026
Quilter plc (the "Company") announces that copies of the following documents have been submitted to the
National Storage Mechanism and will shortly be available for inspection at
http://data.fca.org.uk/#/nsm/nationalstoragemechanism:
1. Annual Report and Accounts 2025 (the "2025 Annual Report");
2. Notice of Annual General Meeting 2026 (the "Notice"); and
3. Forms of Proxy for the Annual General Meeting 2026.
These documents will be posted to shareholders on Wednesday 1 April 2026. The 2025 Annual Report is also
available to view online at plc.quilter.com/annualreport and the Notice is available online at
plc.quilter.com/gm.
Annual General Meeting
The Company's 2026 Annual General Meeting (the "2026 AGM") will be held on Thursday 14 May 2026 at
11:00am (UK time) at Senator House, 85 Queen Victoria Street, London EC4V 4AB. Please ensure you check
plc.quilter.com/gm regularly for up-to-date information about our AGM arrangements.
Key dates for shareholders
The table below shows the key dates for shareholders in respect of the 2026 AGM.
Posting Posting Last day to Proxy date Record Date of
record date date trade* for date to 2026 AGM
registered attend and
holders vote
Holdings on Tuesday 17 Wednesday - Tuesday 12 Tuesday 12 Thursday 14
the London March 2026 1 April 2026 May 2026 at May 2026 at May 2026 at
Stock 11:00am 6:30pm (UK 11:00am
Exchange (UK time) time) (UK time)
Holdings on Tuesday 17 Wednesday Thursday 7 Tuesday 12 Tuesday 12 Thursday 14
the March 2026 1 April 2026 May 2026 May 2026 at May 2026 at May 2026 at
Johannesburg 12:00pm (SA 7:30pm (SA 12:00pm (SA
Stock time) time) time)
Exchange
*Last Day to Trade is applicable only to holders on the Johannesburg Stock Exchange. Holders can trade their shares up to the close of
business on this date and thereafter the register is closed for the purposes of determining which holders are entitled to vote in respect
of the 2026 AGM.
Market purchase of own shares
Pursuant to UK Listing Rule 9.6.4, in addition to renewing the Company's existing authority to make market
purchases of its own shares, the Company announces that it intends to propose a resolution at the 2026 AGM
seeking authorisation to enter into Contingent Purchase Contracts with each of: (a) Citigroup Global Markets
(PTY) LTD, (b) Goldman Sachs International, (c) Investec Wealth & Investment International (Pty) Ltd, (d)
J.P.Morgan Equities South Africa Proprietary Limited; and (e) Merrill Lynch International. The purpose of this
authority is to enable the Company to purchase up to a maximum of 139,992,552 ordinary shares of the
Company which are currently listed on the Johannesburg Stock Exchange (such maximum to be reduced by
any purchases made pursuant to any general authority of the Company to make market purchases of its own
shares).
Full details in respect of the proposed resolution are set out in the Notice.
Additional information
Information required to be communicated in unedited full text is included in the 2025 Annual Report which
will shortly be available for inspection on the National Storage Mechanism.
The following information is extracted from the 2025 Annual Report and should be read in conjunction with
the Quilter plc 2025 Full Year Results announcement issued on Wednesday 4 March 2026. Both documents
can be found at plc.quilter.com/investor-relations and together constitute the material required by DTR 6.3.5
to be communicated to the media in unedited full text through a Regulatory Information Service. This material
is not a substitute for reading the 2025 Annual Report in full.
Principal risks and uncertainties
During 2025, the Board Risk Committee has overseen the Group's risk profile, focusing on the Level 1 risk
categories, which describe the principal areas of risk exposure for Quilter. The table below sets out Quilter's
principal risks and uncertainties, including Executive Committee member ownership and key mitigants being
implemented by management. The risk trend noted is the overall residual risk trend (after the application of
controls) over the year.
Principal risk Principal risk description Primary risk Risk mitigation activities Risk trend
owner
Business Quilter's principal revenue Chief Financial Mitigation in 2025 Stable
strategy and streams are related to the Officer • Strategic alignment and
performance value of AuMA and, as such, organisational
Quilter is exposed to the simplification to drive
condition of global economic operating efficiencies.
markets. Whilst global markets • Continuation of Wealth and
posted strong gains during Advice transformation
2025, geopolitical and programmes.
macroeconomic risks remain
elevated. These risks could Planned and ongoing activity
negatively impact the global • Activities to support
economy, affecting investment adviser and investment
performance. manager recruitment and
retention.
Quilter is also exposed to • Ongoing management and
revenue margin pressure delivery of business
driven by changing investment transformatio programmes
preferences and market
dynamics. This risk is managed • Continued focus on
through actions to drive developing Quilter's direct
growth in net flows and AuMA, to customer strategy.
the launch of new customer
propositions and business
simplification and efficiency.
These actions aim to grow
Quilter's revenues whilst
managing Quilter's expenses.
Quilter has also continued its
transformation journey during
2025, through initiatives
relating to Quilter's strategic
priorities to grow distribution,
enhance propositions and be
future fit.
Business The provision of services to Chief Operating Mitigation in 2025 Stable
operation customers is dependent upon Officer • Continued enhancement of
effective operational systems, Quilter's operational
processes and third-party environment, supported by
suppliers, competent staff a review of vulnerabilities,
resources and complete and impact tolerances and
accurate data. Any failure to indicators in relation to
maintain these elements could Important Business
adversely affect customer Services.
outcomes. • Ongoing business
simplification activity.
Quilter relies on third-party
service providers for several Planned and ongoing activity
Important Business Services. • Ongoing focus on third-
The successful delivery of party risk management
strategic and regulatory activities.
change projects also depends, • Continuous improvement
in part, on third-party with regard to business
providers delivering effectively. resilience.
Ineffective third-party • Enhancement of Quilter's
relationships could disrupt the data governance
provision of services to framework to support
customers or impact the ongoing compliance,
delivery of change initiatives. innovation and strategic
insight.
Inadequate or poorly managed
data could impair Quilter's
ability to deliver effective
customer services and limit
the organisation's ability to
fully leverage AI opportunities.
Technology A stable, reliable, and up-to- Chief Operating Mitigation in 2025 Increasing
and security date technology environment Officer • Completion of
underpins the delivery of infrastructure refresh
Quilter's services to customers programme and
and advisers and ensures that decommission of data
Quilter has technical resilience centres.
proportionate to its risk • Completion of the cyber
appetite. security improvement
plan.
Disruption to the stability and
availability of Quilter's Planned and ongoing
technology, or that of third- activity
party service providers, could • Continuous technology
result in damaging service improvements following
outages and a potential breach the recent modernisation
of impact tolerances for to ensure it remains secure
Quilter's Important Business and functional.
Services. Moreover, the risk of • Embedding of the
an information security continuous security testing
incident is a constant and programme.
evolving risk which has the • Continuous improvement
potential to impact Quilter's of the supplier assurance
reputation, regulatory approach to ensure
standing and the services it technology and security
provides to customers. controls remain within
appetite.
Customer Quilter's purpose is Chief Mitigation in 2025 Stable
and product underpinned by its suite of Distribution • Launch of new investment
proposition product propositions, which Officer propositions in QC and QI
drive good customer to provide additional
outcomes, and processes in choice aligned to
place to ensure that the risk of customers' risk appetites.
foreseeable harm is identified • Enhancements to the
and mitigated. CashHub proposition,
including the ability for
The delivery of quality advice customers to benefit from
coupled with a consistently increased FSCS protection.
high level of adviser conduct
and competency is essential. A Planned and ongoing activity
lack of robust oversight by • Quilter's new Chief
Quilter could lead to delayed Customer Officer joined in
identification of unsuitable January 2026 to own and
advice or products resulting in
poor outcomes for customers. enhance the focus on good
As such, Quilter continually customer outcomes.
looks to improve its control • Launch of the Quilter
environment in relation to the Smoothed Funds, in
oversight of advice and partnership with Standard
remains focused on ensuring Life, for customers
that products and services are planning for, and in,
designed and maintained in retirement.
line with the Consumer Duty. • Preparation for the new
Targeted Support regime
in 2026.
• Continued strengthening
of financial advice
processes and supporting
controls.
Regulatory, Quilter is subject to conduct Chief Risk Mitigation in 2025 Stable
tax and legal and prudential regulation in Officer • Continued design and
the UK, provided by the FCA implementation of control
and PRA, and by local enhancements to address
regulators in the other areas of heightened risk
jurisdictions in which the identified during the
Group operates. This includes Skilled Person Review
regulation concerning the process and other self-
prevention of financial crime identified areas.
and market abuse. Quilter is • Enhancements to financial
also subject to the privacy crime controls, including
regulations enforced by the strengthened name
Information Commissioner's screening and transaction
Office and international monitoring.
equivalents.
Planned and ongoing
Quilter faces risks associated activity
with compliance with these • Delivery of the Ongoing
regulations, and changes to Advice Review remediation
regulation or regulatory focus programme.
in the markets in which Quilter • Identification and
operates and other statutory assessment of material
requirements. Failure to controls across the Group
effectively manage compliance to meet UK Corporate
with regulatory, tax or legal Governance Code 2024
requirements effectively could requirements.
result in censure, fines or • Ongoing proactive
prohibitions which could engagement with
impact business performance regulators and horizon
and reputation. scanning to understand
and prepare for changes
to regulation.
• Continued strengthening
of the financial crime
control environment.
People Quilter relies on its talent to Chief People Mitigation in 2025 Stable
deliver service to customers Officer • Strategic workforce
and to progress strategic planning and recruitment,
initiatives. Quilter's talent pool including AI and digital
is key to the ongoing progress capabilities to drive
of the Company by having a innovation.
diverse range of staff and • Culture programme
views that will provide the activity.
senior management of the
future. We seek to proactively Planned and ongoing activity
identify talent gaps to support • Ongoing diversity, equity
the future capabilities required and inclusion and wellbeing
to implement Quilter's strategy initiatives.
and have updated the related • Ongoing talent
risk appetite to help drive a management and
high-performance culture. succession programme.
• Ongoing regular employee
Ensuring that staff and engagement surveys.
management stand behind • Ongoing all-employee
Quilter's values which conferences.
underpin the culture of the
firm is fundamental to a
proactive, risk aware firm
which values its people and
the need to uphold its
regulatory obligations.
Quilter promotes a culture in
which colleagues are
encouraged to raise concerns
confidentially about any
potential misconduct.
Statement of Directors' responsibilities in respect of the Annual Report and the financial statements
The Directors are responsible for preparing the Annual Report and the Group and Parent Company financial
statements in accordance with applicable laws and regulations.
Company law requires the Directors to prepare Group and Parent Company financial statements for each
financial year. Under that law, the Directors have prepared the Group financial statements in accordance with
UK-adopted international accounting standards and the Parent Company financial statements in accordance
with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards,
comprising FRS 101 "Reduced Disclosure Framework" and applicable law).
Under company law, the Directors must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the Group and Parent Company and of the profit or loss
of the Group for that period. In preparing the financial statements, the Directors are required to:
• select suitable accounting policies and then apply them consistently;
• state whether applicable UK-adopted international accounting standards have been followed for the
Group financial statements;
• state whether applicable United Kingdom Accounting Standards, comprising FRS 101, have been
followed for the parent Company financial statements, subject to any material departures disclosed
and explained in the financial statements;
• make judgements and accounting estimates that are reasonable and prudent; and
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the Group and Parent Company will continue in business.
The Directors are responsible for safeguarding the assets of the Group and Parent Company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for keeping adequate accounting records that are sufficient to show and
explain the Group's and the Parent Company's transactions and disclose with reasonable accuracy at any time
the financial position of the Group and Parent Company and enable them to ensure that the financial
statements and the Directors' Remuneration Report comply with the Companies Act 2006.
The Directors are responsible for the maintenance and integrity of the Parent Company's website. Legislation
in the United Kingdom governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Directors' confirmations
The Directors consider that the Annual Report and the Group and Parent Company financial statements, taken
as a whole, are fair, balanced and understandable and provide the information necessary for shareholders to
assess the Group's and Parent Company's position and performance, business model and strategy.
Each of the Directors, whose names and functions are listed in the Governance Report, confirm that, to the
best of our knowledge:
• the Group financial statements, which have been prepared in accordance with UK-adopted
international accounting standards, give a true and fair view of the assets, liabilities, financial position
and profit or loss of the Group;
• the Parent Company financial statements, which have been prepared in accordance with United
Kingdom Accounting Standards, comprising FRS 101, give a true and fair view of the assets, liabilities
and financial position of the Parent Company; and
• the Strategic Report includes a fair review of the development and performance of the business and
the position of the Group and Parent Company, together with a description of the principal risks and
uncertainties that they face.
Signed on behalf of the Board
Steven Levin Mark Satchel
Chief Executive Officer Chief Financial Officer
4 March 2026
40: Related party transactions
In the normal course of business, the Group enters into transactions with related parties. Loans to related
parties are conducted on an arm's length basis and are not material to the Group's results. There were no
transactions with related parties during the current year or the prior year which had a material effect on the
results or financial position of the Group.
40(a): Transactions with key management personnel
Key management personnel are those persons having authority and responsibility for planning, directing and
controlling the activities of the Group, directly or indirectly, including any Director (whether executive or
otherwise) of Quilter plc. Details of the compensation paid to the Board of Directors as well as their
shareholdings in the Company are disclosed in the Directors' Remuneration Report.
40(a)(i): Key management personnel compensation
31 December 31 December
2025 2024
£'000 £'000
Salaries and other short-term employee benefits 8,124 7,292
Post-employment benefits 82 98
Share-based payments 4,160 4,393
Termination benefits 240 365
Total compensation of key management personnel 12,606 12,148
40(a)(ii): Key management personnel transactions
Key management personnel and members of their close family have undertaken transactions with the Group
in the normal course of business.
The Group's products are available to all employees of the Group on preferential staff terms, the impact of
which is immaterial to the Group's financial statements. During 2025, key management personnel and their
close family members contributed £2 million (2024: £1 million) to Group pensions and investments (in both
internal and external funds). The total value of investments in Group pensions and investment products by
key management personnel serving at any point during the year and their close family members was £12
million at the end of the year (2024: £13 million).
As disclosed in the Directors' Report, the Company maintains Directors' and Officers' Liability Insurance and
third-party indemnity provisions are in place for the benefit of the Company's Directors.
40(b): Associates
During 2024 and 2025, IT services were provided to the Group by 360 Dot Net Limited, an associate of the
Group. Three further associates, Digby Associates Limited, Beals Mortgage and Financial Services Limited, and
its subsidiary, Clinton Kennard Associates Ltd, are Appointed Representatives of Authorised Firms within the
Group. Transactions between the Group and its associates took place in the normal course of business and
had no material impact on the Group's financial statements.
40(c): Other related parties
Details of the Group's staff pension schemes are provided in note 34. Transactions between the Group and
the Group's staff pension schemes are made in the normal course of business.
– ends –
Enquiries:
Investor Relations:
John-Paul Crutchley Tel: +44 (0)7741 385 251
Company Secretary:
Clare Barrett Tel: +44 (0)207 002 7072
Press:
Tim Skelton-Smith Tel: +44 (0)7824 145 076
Registrars:
Shareholders on the UK Register:
Equiniti Website: help.shareview.co.uk
Tel: +44 (0)333 207 5953*
Please use the country code when contacting Equiniti from outside the
UK.
*Lines are open Monday to Friday between 08:30 and 17:30 (UK time),
excluding public holidays in England and Wales.
Shareholders on the South African Register:
JSE Investor Services (Pty) Email: investorenquiries@jseinvestorservices.co.za
Limited
Tel: 086 140 0110/086 154 6566* (calling from South Africa)
Tel: +27 11 029 0251/+27 11 029 0253* (calling from overseas)
*Lines are open Monday to Friday between 08:00 and 16:30, excluding
public holidays.
About Quilter plc:
Quilter plc is a leading provider of financial advice, investments and wealth management, committed to being
the UK's best wealth manager for clients and their advisers.
Quilter oversees £141.2 billion in customer investments as at 31 December 2025.
The business is comprised of two segments: Affluent and High Net Worth.
Affluent encompasses the financial planning business, Quilter Financial Planning, the investment platform,
Quilter Investment Platform, the digital savings and investment app, Quilter Invest, and the multi-asset
investment solutions business, Quilter Investors.
High Net Worth comprises the discretionary fund management and financial planning business, Quilter
Cheviot.
17 March 2025
JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 17-03-2026 02:30:00
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