River & Mercantile profit halves as performance fees slump

Lower gilt yields to blame

David Brenchley
clock • 2 min read

River & Mercantile (R&M) saw its profits cut in half due to much lower performance fees and the "significant investment" the firm has made in its distribution and investment manufacturing divisions.

R&M said that its underlying revenues grew by 6% to £69.4m in its full-year to 30 June 2020, with assets under management (AUM) 11% higher at £44.2bn. However, its adjusted underlying pre-tax pr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR urges small DC schemes to 'improve or consolidate' if not acting on climate risks

TPR urges small DC schemes to 'improve or consolidate' if not acting on climate risks

Regulator confirmed it will continue to educate and support trustees on climate risks

Holly Roach
clock 10 April 2025 • 2 min read
Operations staff at Gatwick Airport to strike amid dispute over pension payments

Operations staff at Gatwick Airport to strike amid dispute over pension payments

Hundreds set to strike over Easter due to issues including pensions ‘not being paid’

Holly Roach
clock 10 April 2025 • 1 min read
Women in Pensions 2025: Nominees revealed!

Women in Pensions 2025: Nominees revealed!

People have been nominated in their hundreds for this year’s awards

Professional Pensions
clock 10 April 2025 • 19 min read
Trustpilot