Quilter to cut restricted advisers; Pre-tax profits down 8% during 'demanding year'

'Small number' to exit in 2021

Jenna Brown
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Paul Feeney: "We responded quickly to the changed environment in the second quarter by identifying tactical cost savings of £30m."
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Paul Feeney: "We responded quickly to the changed environment in the second quarter by identifying tactical cost savings of £30m."

Quilter is to cut a "small number" of restricted financial planners during 2021, its preliminary full-year results state, as pre-tax profits for 2020 were down 8% to £168m.

Chief executive Paul Feeney said he was very satisfied with the profit numbers given the broader market environment experienced during a "year of extraordinary challenges, both personal and professional". Adjusted...

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