Exclude products subject to marketing or distribution restrictions

$6bn in business flows expected

Chair shares ‘deepest condolences’

To focus on MPS review for now

Q1 2025 AUMA and flows trading update

For year ended 31 March 2025

Limitations of charity ownership model

To funds advised by Apax

Move may not be 'clear, fair and not misleading'

Aims to raise extra £1bn per year