Key facts
- Rathbones expects to incur £60 million in additional costs.
- These costs will be incurred over the next two years.
- The costs are a result of addressing issues identified in a watchdog review.
UK wealth manager Rathbones has announced that it expects to incur an additional £60 million in costs over the next two years. This financial impact is directly attributed to the need to address issues that were identified during a review conducted by a regulatory watchdog. The company will be implementing measures to rectify these findings within the specified two-year period.