River & Mercantile profit halves as performance fees slump

Lower gilt yields to blame

David Brenchley
clock • 2 min read
R&M's statutory pre-tax profit halved to £8.3m
Image:

R&M's statutory pre-tax profit halved to £8.3m

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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

David Brenchley
Author spotlight

David Brenchley

View profile
More from David Brenchley

Martin Gilbert's AssetCo doubles stake in River & Mercantile

Morningstar IM launches range of multi-asset funds

More on Communication

No consensus on timing of pension choices comms
Industry

No consensus on timing of pension choices comms

The industry has differing views on when choices should be communicated to members

Holly Roach
Holly Roach
clock 01 August 2022 • 2 min read
'Carrot and stick' approach to engagement is redundant
Communication

'Carrot and stick' approach to engagement is redundant

Cushon says schemes cannot hide behind old methods of member communication

Hope William-Smith
Hope William-Smith
clock 15 March 2022 • 1 min read
Martin Lewis: The face that launched 13 million emails
Communication

What did someone with 13 million subscribers tell the pensions industry about engagement?

Martin Lewis founded Money Saving Expert, a website that has since built up an email following of 13 million people, after investing just £100 in a website at the beginning of the millennium. But how has Lewis achieved such cracking engagement? And what...

Jonathan Stapleton
Jonathan Stapleton
clock 13 October 2020 • 4 min read
Trustpilot