Improved new business levels at Quilter’s platform saw net inflows of more than £1bn in the first quarter, the highest level since early 2018, according to latest results.
The business said channel gross and net flows onto its platform increased by 25% and 23% respectively year-on-year. The results added that IFA channel gross inflows onto the platform increased by 41% compared to the same period last year, with net inflows increasing more than 400% to £423m compared to £83m in Q1 last year. The results added: "First quarter non-core net outflows of £103m were broadly consistent with the comparative period (Q1 2023: £96m)". After non-core net outflows, Quilter said reported net inflows of £707m represented 3% (annualised) of opening assets under mana...
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