Strategy update and annual results 2024
Explore the detail of our strategy update and annual results 2024 and find out about our clear plan to return to profitable growthSimplify, scale and drive profitable growth
Richard Oldfield talks about how we aim to remain a high-performing, competitive, differentiated and growing business for the long term.
Strategy update
Ambitious targets across four themes
£150 million of annualised costs savings over 3 years
Accelerate pace of improvement and deploy resources and capital effectively
Public Markets: stabilise revenues by end 2027*
Invest in leading capabilities and broaden client access
Schroders Capital: generate cumulative net new business of £20 billion
Drive flows into our differentiated, specialist capabilities in Private Markets
Wealth Management: achieve net new business rate of 5-7% of opening AUM per annum (2025 to 2027)
Sustain and build on our successful track record
This will reduce our adjusted cost:income ratio from 75% to less than 70%.**
The Board intends to hold the dividend at its current level as we bring the payout ratio back towards 50%.
*Subject to normal market conditions.
**Subject to normal market conditions. For more information refer to the press release.
Annual results 2024 – ahead of expectations
£778.7 billion
Assets under management – up 4%
£640.5 million
Operating profit – down 3%
70%
Assets outperformed over one year (58% three years; 76% five years)
Read about client investment performance in the press release in our results library
Downloads and documents
Press release, data pack, presentation recordings, transcripts and slides are all available to download from our results library