Quilter’s platform is part of Quilter plc, a leading provider of advice, investments and wealth management in the UK.
The business entities that comprise Quilter’s platform, Quilter Investment Platform Limited (QIPL) and Quilter Life & Pensions Limited (QLPL) are regulated firms. This means they must comply with the rules of the regulatory regime relevant to them.
Some key details in relation to these entities are as follows:
- Assets under management: £82.5 billion (as at 30 September 2024)
- Gross sales: £8.2 billion (as at year end 31 December 2023)
- Net Client Cash Flow: £1.8 billion (as at year end 31 December 2023)
- Whilst credit/financial strength ratings may not reflect the potential impact of all risks related to a firm, independent financial services research firm, AKG, has awarded a financial strength rating of A (‘Superior’) for QIPL and B+ (‘Very strong’) for QLPL as at 5 January 2024.
- QLPL is well capitalised, with a Solvency II ratio of 214% as at year end 2023. Solvency II focuses on the amount of capital that EU insurance companies must hold to reduce the risk of insolvency. A Solvency II ratio is a key measure used to demonstrate the financial strength of a business to its stakeholders, including the regulator and its customers
- Quilter’s platform is the largest retail advised platform in the UK by assets under management1.
- Quilter’s platform is the second most used platform among advisers2 with over 4,000 active third party UK advice firm relationships.
1 Source: the lang cat Platform Market Scorecard, November 2024
2 Source: Investment Trends UK Adviser Technology & Business Report, May 2024