Quilter to make hundreds of redundancies in move to cut costs - reports

400 to be made redundant

Pedro Gonçalves
clock • 2 min read

Quilter is set to make hundreds of its staff redundant in the coming months as the wealth manager attempts to bring down costs, CityAM has reported.

According to the article, Quilter is poised to make some 400 people redundant, with redundancy packages to be offered in the coming months. This is on top of the over 200 staff  that have already been made redundant since June 2018, when the firm listed on the London and Johannesburg stock exchange via IPOs. So far, areas such as as financial advice and HR have been affected by redundancies. CityAM said staff working on the platform side of the business are more at risk of future redundancies, as the business's new platform becomes more automated after its £500m re-platforming.  A ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read
FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA Wealth Management Survey

Patrick Brusnahan
clock 18 August 2026 • 3 min read
Small advice firms feature prominently in buyer criteria on online M&A platform

Small advice firms feature prominently in buyer criteria on online M&A platform

First advice firm seller cohort go live on Melo’s Project Exit

Isabel Baxter
clock 18 August 2026 • 4 min read