Henderson posted record profits in 2013 following a return to positive UK retail flows.
The group recorded pre-tax profits of £190.1m for 2013, helped by overall net inflows of £2.5bn. Total AUM climbed from £65.7bn to £75.2bn in the last year, with net inflows bolstered by markets and favourable currency moves, which added over £7bn. Crucially, its UK retail business saw a return to positive flows, with £1.2bn of inflows for the full year. Overall its retail business saw £4.4bn of net inflows across geographies. Underlying profit was well ahead of the previous year's £153m thanks to the improvement in flows, and allowed the group to hike its dividend by 12%. In...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
