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If you are covering the housing announcements in the Spring Statement today, please see the following comment from Gemma Harle, Managing Director of the Intrinsic Mortgage Advice Network, part of Quilter:
"Philip Hammond in the latest Spring Statement said little that is going to directly affect personal finances but despite the incessant cacophony Brexit is creating he did still find time to keep housing on the agenda.
"One of his commitments is the Government’s new £3bn Affordable Homes Guarantee scheme which is aimed at supporting the delivery of around 30,000 affordable homes. Many will say this far too little considering the housing crisis gripping the nation but it is certainly a step in the right direction.
"Any plan which increases the amount of affordable housing is going to be a positive for the whole market and should not immediately be derided. Ultimately, we need a far more innovative plan to tackle the UKs housing problem but we must also find some solace in the fact that despite a relatively non-eventful budget at an incredibly eventful time for Britain, housing is still a priority."
Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.
Quilter plc oversees £118.1 billion in customer investments (as at 30 September 2018).
It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.
The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.
Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.
Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.
The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:
This press release is for journalists only and should not be relied upon by financial advisers or customers.
Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.
This communication is issued by Quilter plc. Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270. Registered in England.