Annual Financial Report and Notice of AGM
17/03/2026 12:30
RNS Number : 9927W Quilter PLC 17 March 2026 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. |
| Posting record date | Posting date | Last day to trade* | Proxy date for registered holders | Record date to attend and vote | Date of 2026 AGM | |
| Holdings on the London Stock Exchange | Tuesday 17 March 2026 | Wednesday 1 April 2026 | - | Tuesday 12 May 2026 at 11:00am (UK time) | Tuesday 12 May 2026 at 6:30pm (UK time) | Thursday 14 May 2026 at 11:00am (UK time) |
| Holdings on the Johannesburg Stock Exchange | Tuesday 17 March 2026 | Wednesday 1 April 2026 | Thursday 7 May 2026 | Tuesday 12 May 2026 at 12:00pm (SA time) | Tuesday 12 May 2026 at 7:30pm (SA time) | Thursday 14 May 2026 at 12:00pm (SA time) |
| Principal risk | Principal risk description | Primary risk owner | Risk mitigation activities | Risk trend |
| Business strategy and performance | Quilter's principal revenue streams are related to the value of AuMA and, as such, Quilter is exposed to the condition of global economic markets. Whilst global markets posted strong gains during 2025, geopolitical and macroeconomic risks remain elevated. These risks could negatively impact the global economy, affecting investment performance. Quilter is also exposed to revenue margin pressure driven by changing investment preferences and market dynamics. This risk is managed through actions to drive growth in net flows and AuMA, 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 andbe future fit. | Chief Financial Officer | Mitigation in 2025 • Strategic alignment and organisational simplification to drive operating efficiencies. • Continuation of Wealth and Advice transformation programmes. Planned and ongoing activity • Activities to support adviser and investment manager recruitment and retention. • Ongoing management and delivery of business transformation programmes. • Continued focus on developing Quilter's direct to customer strategy. | Stable |
| Business operation | The provision of services to customers is dependent upon effective operational systems, processes and third-party suppliers, competent staff resources and complete and accurate data. Any failure to maintain these elements could adversely affect customer outcomes. Quilter relies on third-party service providers for several Important Business Services. The successful delivery of strategic and regulatory change projects also depends, in part, on third-party providers delivering effectively. Ineffective third-party relationships could disrupt the provision of services to customers or impact the delivery of change initiatives. 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. | Chief Operating Officer | Mitigation in 2025 • Continued enhancement of Quilter's operational environment, supported by a review of vulnerabilities, impact tolerances and indicators in relation to Important Business Services. • Ongoing business simplification activity. Planned and ongoing activity • Ongoing focus on third-party risk management activities. • Continuous improvement with regard to business resilience. • Enhancement of Quilter's data governance framework to supportongoing compliance, innovation and strategic insight. | Stable |
| Technology and security | A stable, reliable, and up-to-date technology environment underpins the delivery of Quilter's services to customers and advisers and ensures that Quilter has technical resilience proportionate to its risk appetite. Disruption to the stability and availability of Quilter's technology, or that of third-party service providers, could result in damaging service outages and a potential breach of impact tolerances for Quilter's Important Business Services. Moreover, the risk of an information security incident is a constant and evolving risk which has the potential to impact Quilter's reputation, regulatory standing and the services it provides to customers. | Chief Operating Officer | Mitigation in 2025 • Completion of infrastructure refresh programme and decommission of data centres. • Completion of the cyber security improvement plan. Planned and ongoing activity • Continuous technology improvements following the recent modernisation to ensure it remains secure and functional. • Embedding of the continuous security testing programme. • Continuous improvement of the supplier assurance approach to ensure technology and security controls remain within appetite. | Increasing |
| Customer and product proposition | Quilter's purpose is underpinned by its suite of product propositions, which drive good customer outcomes, and processes in place to ensure that the risk of foreseeable harm is identified and mitigated. The delivery of quality advice coupled with a consistently high level of adviser conduct and competency is essential. A lack of robust oversight by Quilter could lead to delayed identification of unsuitable advice or products resulting in poor outcomes for customers. As such, Quilter continually looks to improve its control environment in relation to the oversight of advice and remains focused on ensuring that products and services are designed and maintained in line with the Consumer Duty. | Chief Distribution Officer | Mitigation in 2025 • Launch of new investment propositions in QC and QI to provide additional choice aligned to customers' risk appetites. • Enhancements to the CashHub proposition, including the ability for customers to benefit from increased FSCS protection. Planned and ongoing activity • Quilter's new Chief Customer Officer joined in January 2026 to own and enhance the focus on good customer outcomes. • Launch of the Quilter Smoothed Funds, in partnership with Standard Life, for customers planning for, and in, retirement. • Preparation for the new Targeted Support regime in 2026. • Continued strengthening of financial advice processes and supporting controls. | Stable |
| Regulatory, tax and legal | Quilter is subject to conduct and prudential regulation in the UK, provided by the FCA and PRA, and by local regulators in the other jurisdictions in which the Group operates. This includes regulation concerning the prevention of financial crime and market abuse. Quilter is also subject to the privacy regulations enforced by the Information Commissioner's Office and international equivalents. Quilter faces risks associated with compliance with these regulations, and changes to regulation or regulatory focus in the markets in which Quilter operates and other statutory requirements. Failure to effectively manage compliance with regulatory, tax or legal requirements effectively could result in censure, fines or prohibitions which couldimpact business performance and reputation. | Chief Risk Officer | Mitigation in 2025 • Continued design and implementation of control enhancements to address areas of heightened risk identified during the Skilled Person Review process and other self-identified areas. • Enhancements to financial crime controls, including strengthened name screening and transaction monitoring. Planned and ongoing activity • Delivery of the Ongoing Advice Review remediation programme. • Identification and assessment of material controls across the Group to meet UK Corporate Governance Code 2024 requirements. • Ongoing proactive engagement with regulators and horizon scanning to understand and prepare for changes to regulation. • Continued strengthening of the financial crime control environment. | Stable |
| People | Quilter relies on its talent to deliver service to customers and to progress strategic initiatives. Quilter's talent pool is key to the ongoing progress of the Company by having a diverse range of staff and views that will provide the senior management of the future. We seek to proactively identify talent gaps to support the future capabilities required to implement Quilter's strategy and have updated the related risk appetite to help drive a high-performance culture. Ensuring that staff and management stand behind Quilter's values which 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 concernsconfidentially about any potential misconduct. | Chief People Officer | Mitigation in 2025 • Strategic workforce planning and recruitment, including AI and digital capabilities to drive innovation. • Culture programme activity. Planned and ongoing activity • Ongoing diversity, equity and inclusion and wellbeing initiatives. • Ongoing talent management and succession programme. • Ongoing regular employee engagement surveys. • Ongoing all-employee conferences. | Stable |
| · | 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 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. |
| Steven Levin Chief Executive Officer | Mark Satchel Chief Financial Officer |
| 31 December 2025 £'000 | 31 December 2024 £'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 |
| 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 |
| 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) Limited | Email: investorenquiries@jseinvestorservices.co.za 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. |