UK’s Quilter to assess capital needs once services review implemented

(Reuters) -British wealth manager Quilter on Wednesday said it plans to assess its capital needs following the implementation of an ongoing advice review, after reporting higher inflows of 4.5 billion pounds ($6 billion) at the end of the first half.

The company had been reviewing its historical services to customers amid heightened regulatory scrutiny of charging by fund managers. It said on Wednesday that a provision set aside previously for this remains “appropriate”.

($1 = 0.7517 pounds)

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Nivedita Bhattacharjee)