Platform Transformation Project Soft Launch

RNS Number : 9112O

Quilter PLC

04 February 2019

 

4 February 2019

Quilter plc

Platform Transformation Programme - Soft Launch Phase Commences

Quilter plc (the "Company") today announces an update on the progress of the UK Platform Transformation Programme.

The Company is pleased to announce that the programme has now begun its soft launch phase in line with the expected timetable. This important phase allows for the verification of the new platform technology in a live environment. Soft launch is for selected staff and will allow the Company to further validate system functionality, processes and controls. Activity has begun on a limited basis and will expand further over the next few months ahead of a controlled, phased migration of the existing book.

The Platform Transformation Programme continues to make good progress. A further update will be provided with the Company's full year results.

Paul Feeney, CEO, comments:

"I am pleased that we have reached our soft launch phase which is an important milestone.  The high quality delivery of this programme remains of utmost importance to us and we continue to prepare detailed migration plans to ensure customers and advisers remain well supported throughout the transition period."

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Enquiries:

Investor Relations: John-Paul Crutchley	[phone]
Media: Jane Goodland Tim Skelton-Smith	[phone] [phone]
Camarco   Geoffrey Pelham-Lane	[phone]
Aprio (South Africa) Julian Gwillim	[phone]

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.1billion in customer investments (as at 30 September 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business. Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• The private client advisers business is now Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name.

 

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