Edition:
United Kingdom

Quilter says Brexit dents investor appetite, total assets fall


Tuesday, 12 Mar 2019 

March 12 (Reuters) - Quilter PLC ::QUILTER PLC - QUILTER PLC 2018 FINAL RESULTS PART 1.QUILTER PLC- FY ADJUSTED PROFIT UP 11% TO £233 MILLION.QUILTER PLC - RECOMMENDED FINAL DIVIDEND OF 3.3 PENCE PER SHARE.QUILTER PLC- FY ASSETS UNDER MANAGEMENT/ADMINISTRATION ("AUMA") AT £109.3 BILLION IS DOWN 4% YEAR-ON-YEAR.QUILTER PLC- FY POSITIVE NET FLOWS OF £2.7 BILLION MORE THAN OFFSET BY NEGATIVE MARKET PERFORMANCE OF £7.8 BILLION.QUILTER PLC- FY NET CLIENT CASH FLOW ("NCCF") (EXCLUDING. QUILTER LIFE ASSURANCE) OF £4.7 BILLION (2017: £7.6 BILLION).QUILTER PLC- FY IFRS PROFIT/(LOSS) BEFORE TAX FROM CONTINUING OPERATIONS OF £5 MILLION (2017: £(5) MILLION).QUILTER PLC- FY SOLVENCY II RATIO OF 190% AFTER PAYMENT OF RECOMMENDED FINAL DIVIDEND (2017: 154%).QUILTER PLC - FCA INVESTIGATION INTO TREATMENT OF LONG-STANDING CLIENTS OF CLOSED LIFE BOOKS CONCLUDED WITHOUT SANCTION.QUILTER PLC - PERFORMED WELL IN 2018 DESPITE INCREASINGLY CHALLENGING MARKET CONDITIONS AS YEAR PROGRESSED.QUILTER PLC - IN SECOND HALF OF 2018 GLOBAL MACRO AND GEOPOLITICAL UNCERTAINTY WAS IMPACTING FLOWS AND MARKET SENTIMENT.QUILTER - INCREASED OUR FOCUS ON COST MANAGEMENT, ACCELERATED SOME OF BENEFITS WE EXPECTED TO DELIVER FROM OUR FIRST STAGE OPTIMISATION INITIATIVES.QUILTER PLC - AS MOST OF DECLINE IN MARKETS CAME LATE IN YEAR, IMPACT ON OUR 2018 REVENUES WAS RELATIVELY MUTED.QUILTER PLC - AIM TO KEEP 2019 COSTS BROADLY FLAT ON 2018 (EXCLUDING ACQUISITION ACTIVITY).