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Quilter delivers ‘strongest’ fourth quarter despite UK budget jitters

ALN

Quilter PLC on Wednesday reported it had posted its ‘strongest’ fourth quarter in 2025, despite uncertainty around UK budget, which was tabled late in November.

The London-based wealth manager said core net inflows were £9.10 billion in 2025, up 75% from £5.20 billion in 2024, finishing 2025 with what its called ‘strong momentum’.

Core net inflows rose 21% to £2.37 billion for the fourth quarter to December 31, from £1.96 billion a year earlier, and were up 12% from £2.12 billion in the third quarter to September 30, 2025.

As at December 31, assets under management & administration were £141.2 billion, up 18% from £119.4 billion at December 31, 2024, and rose 4.7% from £134.9 billion at September 30, 2025.

‘The fourth quarter was our strongest quarter of the year, despite market uncertainty caused by speculation on potential tax changes ahead of the UK budget at the end of November,’ Quilter Chief Executive Officer Steven Levin said.

Following the UK budget, outflows returned to lower levels and the business achieved positive net inflows in December, Levin said, noting that client portfolio repositioning ahead of the November budget led to temporary higher outflows in October and November.

Shares in Quilter were up 3.0% to R 42.29 in Johannesburg on Wednesday morning.

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