ALTORFER FINANCIAL MANAGEMENT LIMITED
ANNUAL DISCLOSURES
Under the Investment Firms Prudential Regime (IFPR) firms have obligations to make certain public disclosures. This document provides an overview of our responsibilities in regard to these, and the disclosures themselves.
REMUNERATION DISCLOSURE – QUALITATIVE DATA
Our Remuneration Policy contains the qualitative data we are required to declare. This is published alongside this document.
REMUNERATION DISCLOSURE – QUANTITATIVE DATA
Remuneration paid to all staff for 2025:
| Total Fixed Remuneration (£) | Total Variable Remuneration (£) | Total Remuneration (£) |
|
£705,749 |
Variable Remuneration £71,201 Total: £199,721 |
Excluding Dividend £776,950 Including Dividend £905,470 |
Fixed Remuneration consists of salaries, 3% of employer pension contributions, and the cost of cover for the employee only under the PMI Scheme.
Variable Remuneration above consists of 5% of employer pension contributions and bonuses paid to employees.
During 2025 dividends in relation to 2024 profits were paid on 68,000 B shares in April. These shares had been made available to members of staff via Share Option Schemes. Whilst no shares or share options were issued in lieu of, or as, salary or bonus, the FCA require us to classify these dividends as variable remuneration, and we have therefore listed them separately in the above data.
Comparison:
The below table compares all remuneration costs. As such, the requirement to provide a summary of any significant changes from the previous disclosure is detailed. The reasons for the variances are explained below.
| Remuneration | 2024 | 2025 | Difference |
| Fixed Remuneration | £646,841 | £705,749 | +9.1% |
| Variable Remuneration | £58,019 | £71,201 | +22.7% |
| Dividend | £88,400 | £128,520 | +45.4% |
| Total Variable Remuneration | £146,419 | £199,721 | +36.4% |
| Total Remuneration excluding Dividend | £704,860 | £776,950 | +10.2% |
| Total Remuneration including Dividend | £793,260 | £905,470 | +14.1% |
All staff received above-inflation pay and pension increases in January 2025. Also, we took on a new employee in June and introduced a PMI scheme in July. All of these pushed up fixed remuneration for the year.
In both 2024 and 2025 no bonuses were paid as part of the company-wide bonus scheme, as targets were not reached due to market conditions having an adverse impact on the value of assets under management and investor sentiment. However, 4.75% and 6% End of Year Bonuses were paid in 2024 and 2025 respectively to all staff except the NEDs, to reward commitment during these challenging times.
As dividends are based on profits they are expected to fluctuate from year to year.
DISCLOSURE EXEMPTIONS
As a Small Non-Interconnect firm Altorfer is exempt from reporting the remuneration split between senior management, ‘material risk takers’, and other staff.
As a Small Non-Interconnect firm Altorfer is exempt from the reporting obligations on risk management, governance arrangements, own funds, and own funds requirements.
As Altorfer has not issued any Additional Tier 1 capital instruments we are exempt from disclosures on risk management arrangements, own funds, and own funds requirements.