The Board has declared an increase in the total ordinary dividend of 4.5% taking the ordinary dividend per share to 41.50 pence (2022: 39.7 pence per share of ordinary dividend). The ordinary dividend is made up of an interim dividend of 12.70 pence per share that was paid on 31 March 2023 (2022: 12.26 pence per share) and a final ordinary dividend of 28.8 pence per share (2022: 27.44 pence per share). Subject to shareholder approval of the final ordinary dividend at the 2023 AGM, the final dividend will be paid on 15 December 2023 to all shareholders on the register at the close of business on 17 November 2023.
Other financial highlights include:
Net new business of £4.8 billion
Assets Under Administration, up 8% to £134.0 billion driven by net new business and positive market movement
1,804,000 active clients, an increase of 67,000 in the year
Profit before tax increase of 50% to £402.7 million
Underlying profit before tax increase of 47% to £438.8 million
