Quilter  

Quilter sets aside £12m for Lighthouse DB claims

Without these additional costs the company reported an adjusted pre-tax profit of £182m, ticking up by 3 per cent on the previous year. 

Mr Feeney said he "absolutely" expected statutory profit to bounce back this year, labelling the additional costs as "fully intended investments" 

He said: We are investing in building our business and over the time I expect the statutory profit and the adjusted profit to become virtually one and the same." 

rachel.mortimer@ft.com 

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