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Jupiter Fund Management PLC on Thursday said it has identified further opportunities to deliver cost efficiencies, with an initial target of £15 million in annualised savings. The London-based active asset manager said its savings target will be fully implemented on a run rate basis no later than the end of 2026. These annualised savings are in addition to the cost savings already achieved by Jupiter, the company said, which were in line with management expectations for 2025. Jupiter said its most recent cost-saving action is just one of a number of actions being taken to achieve its medium term target of a 70% cost to income ratio. The firm’s expectations for non-compensation costs for 2025 have now improved to £105 million from £110 million, with all other cost forecasts remaining unchanged. Jupiter said it would provide more details at its interim results release on July 25. Estimated group assets under management at May 20 exceeded £45 billion. Net flows since the end of its first quarter have been ‘broadly flat’, Jupiter noted, with ‘rebuilding of momentum’ in its institutional channel. Shares in Jupiter Fund Management were down 0.5% at 78.80 pence each in London on Thursday morning. The stock is down 6.1% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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