FIL PENSIONS MANAGEMENT

1. FIL PENSIONS MANAGEMENT 2008-06-30 → present
2. FIDELITY PENSIONS MANAGEMENT 1987-10-16 → 2008-06-30
3. FIDELITY PENSIONS LIMITED 1986-06-13 → 1987-10-16
4. NEWPEERS LIMITED 1986-04-29 → 1986-06-13

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “The reduction in the loss is largely driven by an increase in Assets under Management as a result market recovery.”
• “The FCA introduced aclimate-related disclosure regime for asset managers, life insurers and pension providers following recommendations of the Task Force on Climate-related Financial Disclosures in December 2021.”
• “Following approval from the FCA, the subordinated loan from FHL was repaid during the year.”
• “At 31 December 2024 the company has recognised a provision of £2,503,000 (2023: £3,021,000) to cover potential liabilities arising from processing errors identified in its defined contribution pension business.”
• “The increase in the provision of £95,000 (2023: £469,000 reduction) reflects the progress of the remediation work during the year and has been driven by greater clarity of the impact of the processing errors.”
• “During the year, the authorised share capital was increased by £10,000,000 by the issue of 10,000,000 ordinary shares of £1 each.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +2.5%

  £202,705,000 → £207,815,000

• Cash

  +11.4%

  £8,488,000 → £9,458,000

• Net assets

  -3.4%

  £156,646,000 → £151,273,000

• Employees

  —

  Not reported

• Operating profit

  -4.1%

  -£28,282,000 → -£29,447,000

• Profit before tax

  +5.1%

  -£23,732,000 → -£22,521,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers