Matthew Beesley, CEO of Jupiter Fund Management, received a £1.8m bonus package in 2025 as the firm’s cost savings programme cut non-compensation costs by 10%.
In 2025 CEO Matthew Beesley was paid a total remuneration package of £2.9m (2024: £2.1m), of which £1.8m was paid in bonuses.
CFO Wayne Mepham received a total remuneration package of £1.8m (2024: £1.8m), including a £1.1m bonus.
Jupiter also plans to increase the CEO and CFO’s base salaries by 3.5% and 3% respectively to £500,950 and £437,800 respectively in 2026.
The firm's annual report revealed that Jupiter has made significant steps on its cost-reduction programme, with a focus on supplier consolidation and increased outsourcing.
Non-compensation costs were £99m at the end of 2025, a 10% reduction year-on year, and headcount fell to 442 employees (2024: 492 employees).
However, total compensation costs continued to rise in 2025, partially driven by bonus awards. Total compensation costs in 2025 were £156.6m (2024: £151m). In 2025 performance-fee related variable staff costs more than tripled to £44.2m (2024: £12.7m).
The cost reduction programme continues into 2026, with £15m of annualised savings expected to be achieved within this year.
The fund manager has a target cost-income ration of 70%. In 2025 this was 82% and increased from 2024 when it was 78%.
Last year saw Jupiter’s acquisition of CCLA Investment Management, bringing combined group total AUM at completion to over £70bn.
Jupiter said its cost improvement plan includes an initial target of £16m of identified synergy savings.
One of the ways Jupiter is managing costs if through the use of AI tools. In 2025 Jupiter estimates that its tools, including ChatGPT, saved users an estimated 42 minutes her day.
In 2025 Jupiter reviewed its AI governance procedures and developed staff training, working to ensure that it is ready for compliance with the EU Artificial Intelligence Act. It plans to invest further into automation and AI-driven improvements in 2026.
Over 300 staff now have corporate ChatGPT licenses, with an engagement rate of over 90%.
The fund manager is also engaging with suppliers to understand what AI capabilities they can adopt and how these can enhance Jupiter’s processes.
Jupiter said that AI, automation and data platforms have now become integral to how work is completed across the group.
Matthew Beesley, CEO of Jupiter, said: “Where possible we also continue to embrace the opportunities that come with increased levels of automation and a deeper penetration of technology within our business.
“Most of our people are already using no-code and low-code tools or artificial intelligence to save time with workflows and redirect effort to more value-added tasks – again, all to benefit our clients and our shareholders.”
Governance and oversight of AI-related risks is provided by an AI Forum and a Generative AI Policy, overseen by Jupiter’s head of technology.