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LONDON - Jupiter Fund Management PLC (LSE:LON:JUP) announced today that it has identified new cost-saving opportunities, aiming to further streamline operations and improve its cost:income ratio. The asset management firm has set an initial target of £15 million in annualized savings to be fully realized by the end of 2026.
These savings are incremental to those included in the 2025 management expectations, which were revised from £110 million to £105 million for non-compensation costs. The company’s other financial projections for 2025 remain as forecasted in its full-year 2024 results released on February 28.
Jupiter’s focus on cost discipline aligns with its strategic goal to reduce complexity within its operations. These efforts contribute to the company’s medium-term aspiration to achieve a 70% cost:income ratio.
The firm reported that its estimated group assets under management as of May 20, 2025, exceeded £45 billion. Net flows since the close of the first quarter have been broadly flat, but there are signs of renewed momentum in the institutional channel.
Additional details regarding the cost-saving measures and progress toward the initial savings target will be disclosed during the H1 2025 interim results presentation on July 25.
This announcement is based on a press release statement and contains information considered to be inside information under the UK Market Abuse Regulations (MAR). Helen Archbold, the Company Secretary, is the designated officer responsible for the release of this update.
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