True Potential’s wealth business swings to a £243m loss after FCA review

Robert Williams

2026-01-01 13:21:42

True Potential’s wealth business swings to a £243m loss after FCA review

ShareResize https://cdn.accountdigital.net/FoSiNpjlSstOOt2Tah21U-pG_nAh Photo: Chris Ratcliffe/Bloomberg via Getty Images True Potential’s wealth management business fell to a £243m operating loss...

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Photo: Chris Ratcliffe/Bloomberg via Getty Images

True Potential’s wealth management business fell to a £243m operating loss last year after it was forced to set aside £100m to refund clients who were transferred into non-advised investments.

This was down from a £9.9m operating profit in 2023, according to annual results for True Potential Wealth Management at Companies House.

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