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

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

According to the report, 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 LSE via an IPO. 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.  Quilter replaces Newton with BlackRock on UK Equity Growth fund ...