Modern slavery statement

Modern Slavery Act statement for the financial year ending 31st December 2025.

This Modern Slavery statement is made by the following entities:

LGT Wealth Management UK LLP; and
LGT Wealth Management Limited.

These entities form part of LGT Holdings which will be referred to as “LGT WM”¹.

This statement is made pursuant to the Modern Slavery Act 2015 (“MSA” or the “Act”). It covers the above-mentioned reporting entities and sets out the actions we have undertaken, and will continue to take, to assess and address modern slavery risks within our operations and supply chains in line with the United Kingdom’s MSA.

For the purposes of this document, modern slavery is used as an umbrella term covering slavery, servitude, forced and compulsory labour, and human trafficking.

This statement is structured into six sections and has been prepared in line with the Home Office’s Transparency in Supply Chains statutory guidance (“TISC statutory guidance”).

This statement was approved by the Governing Board of LGT Wealth Management UK LLP, on 17 June 2026 and by the Board of LGT Wealth Management Limited on 17 June 2026.

1. LGT WM’s organisational structure, business and supply chain

LGT WM is a professional services firm providing investment management services and financial advice to clients and is regulated by the Financial Conduct Authority (FCA). The firm employs around 630 people across seven offices in the United Kingdom and Jersey: London, Edinburgh, Jersey, Bristol, Leeds, Birmingham, and Manchester.

As of the end of March 2026, LGT WM managed £32.6 billion in assets on behalf of private individuals, independent financial advisers, charities and endowments, mutuals and friendly societies, and family offices. LGT WM is part of LGT Group, an international private banking and asset management group that has been privately owned by the Liechtenstein Princely Family for over 90 years.

The reporting entities have a diverse supplier base, ranging from long-standing strategic relationships to more ad hoc or short-term contracts. LGT WM has no direct supply chain relationships in manufacturing or infrastructure, both of which are sectors generally associated with higher modern slavery risk, but we do engage with suppliers who may themselves operate in or source from those sectors.

In addition, LGT WM procures a range of services to support our employees and clients, including, but not limited to:

Property and utilities services.
Workplace and facilities management, maintenance and cleaning.
IT services such as network management, cloud services and data security.
Human resources such as benefits, pay roll systems, training and recruitment.
Financial services, including banking services and data feeds.
Marketing services, including sponsorship, events, media engagement and hospitality.
Professional services, including travel management, accounting, audit, legal and consulting services.

In terms of goods supplied to LGT WM, the majority are goods for use in an office environment, including IT software and hardware, catering, cleaning supplies and stationery.

LGT WM retains responsibility for its facilities management function internally. However, certain ancillary services associated with Facilities, including cleaning and catering across our offices, are provided by specialist third-party service providers.

LGT WM mainly procures systems, custody and market data. We have also outsourced fund administration activities for our private markets business. All of these suppliers are subject to due diligence at the outset and to contractual review processes designed to ensure compliance with modern slavery regulations.

In relation to subcontracting within our supply chain, contracts with suppliers include clauses requiring them to carry out appropriate due diligence on any subcontractors and to inform LGT WM before any subcontracting begins. Due to the nature of some longstanding relationships and the scale of our supplier landscape, we cannot guarantee full visibility of every subcontractor in the supply chain. However, appropriate steps are in place to mitigate risk where possible.

On average, a typical contract remains in place for two to three years before the relationship is reviewed again.

2. Organisations policies

LGT renewed its commitment as a financial organisation, to respect human rights and to adhere to the UN Guiding Principles on Business and Human Rights, including the responsibility to implement the UN “Protect, Respect and Remedy” framework. LGT is a signatory to several global initiatives, including:

International Bill of Human Rights (including Universal Declaration of Human Rights).
UN Guiding Principles on Business and Human Rights: Implementing the UN “Protect, respect and remedy” framework (2011).
UN Global Compact.
International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.
OECD Guidelines for Multinational Enterprises.
Liechtenstein Initiative – Finance against Slavery and Trafficking (FAST Initiative).
Principles for Responsible Banking (PRB).
Principles for Responsible Investment (PRI).

To support the responsibilities arising from these initiatives, and with the aim of addressing and preventing modern slavery across LGT WM, the following policies, procedures, and standards are in place.

Policy	Summary	How it is implemented and enforced
Recruitment policy and right to work in the UK	This policy provides a framework of key principles and recruitment practices. It includes passport and visa checks to ensure that individuals have a legal right to work, and clearly signposted whistleblowing procedures for employees to raise concerns, including those related to modern slavery, in confidence. This helps ensure that all employees are working of their own free will and in compliance with applicable employment and immigration laws.	Prior to an employee starting employment, members of the Human Resources team review the employee’s right to work in the UK.
Employee Handbook	All staff are issued with an Employee Handbook upon joining the firm, which includes a dedicated section on modern slavery. This section states that all employees and representatives are responsible for preventing, identifying, and reporting modern slavery, and must avoid any actions that could breach, or appear to breach, this standard.	The Chief Operating Officer and Head of HR have primary day-to-day responsibility for implementing this policy, monitoring its use and effectiveness, dealing with any queries about it, and evaluating internal control systems and procedures to ensure they are effective in countering modern slavery. Employees are responsible for reporting concerns to their line manager, the Head of HR, or formally through our Grievance Policy and Procedure if the issue affects them personally, or through our whistleblowing channels if it affects others in our business or supply chain.
Whistleblowing policy and procedures	This policy is intended to help staff understand their rights and LGT WM’s obligations in relation to whistleblowing. It sets out the key elements of whistleblowing, and the steps employees should take if they suspect that there is, or has been, any malpractice of wrongdoing within LGT WM.	Employees are responsible for reporting concerns through the available internal and external mechanisms. Reports are made to the Management board and the Audit, Risk & Compliance Committee, with the latter responsible for ensuring the matter is addressed in a fair and ethical manner and for reporting matters to the Governing board.
LGT Code of Conduct	The Code of Conduct serves as a guide for employees at all locations worldwide and sets binding ethical and professional standards. The Code requires all of our business partners to have any necessary licenses, to respect human rights, and to comply with local employment law.	All employees of LGT and its affiliated companies are required to read and understand the Code of Conduct and to comply with it at all times. Those who observe behaviour that, after careful consideration, they believe is a breach of duty under the Code of Conduct, or a regulatory requirement, are required to report on it. Download the Code of Conduct here.
Procurement and supplier oversight procedure and supplier code of conduct	LGT WM operates a procurement process that staff are expected to follow when procuring services from suppliers. For significant expenditure and high-risk contracts, a full request for proposal process is undertaken, followed by due diligence and contract negotiation. The supplier code of conduct section on our website describes the standards that we expect from our third-party and outsourcing relationships, including expectations relating to the prohibition of child labour and forced labour, and the provision of fair remuneration.	Depending on the nature of the supplier and the size and complexity of the contract, appropriate procurement and due diligence processes may be applied, including consideration of relevant labour and human rights risks where appropriate. For medium- and high-risk suppliers, enhanced ESG due diligence is carried out as part of the supplier onboarding process in the following areas: Diversity and inclusion. Labour, human rights, including modern slavery, and environmental policies and related controversies. Regulatory ESG disclosures, such as gender pay gap reporting and TCFD disclosures. Health and safety policies, management systems and risk assessments.

3. Assessing and managing modern slavery risk

Based on the nature of our operations, our suppliers, and the profile of our workforce, we assess the risk of modern slavery in our own operations to be low. However, we consider the following areas to present the highest inherent modern slavery risks:

Outsourced facilities management services, where there is a potential risk of exploitation of vulnerable groups, including women and migrants. The measures we have in place to manage this risk are set out in Section 4.
Lease arrangements, under which landlords or property managers may contract security personnel, cleaners, and other office support staff on our behalf.
The supply chain for our IT equipment, where there is a risk of workers’ rights breaches during the extraction of raw materials and the recycling of electronic waste. To address the latter, LGT WM has committed to recycling IT equipment and actively donates it to schools and other charitable partners.

4. Due diligence in relation to modern slavery

This section describes all the actions LGT WM undertakes to prevent and address modern slavery risks in the organisation’s operations and supply chain. These are grouped below into actions relating to employees, contractors and suppliers.

Employees

All employees receive remuneration packages that exceed the National Living Wage.
To remain competitive and help ensure that we offer all employees fair pay, salaries are benchmarked annually against similar roles within the financial industry.
Recruitment policies are in place stipulating legal working age requirements, and we conduct thorough pre-employment checks to verify the legal working status of all employees. These checks include a Digital ID check, Right to Work verification, six years of employment and education references, confirmation of qualifications and basic DBS, credit, sanctions, directorship and media checks.
Employment contracts clearly outline the expected workplace and standard working hours for each role.
Additionally, new employees receive the Employee Handbook at the point of offer, which details our flexible and hybrid working policies, helping to ensure they are well informed about our approach to work-life balance.

Contractors

LGT WM reviews external contractors as relevant, to ensure that they hold the appropriate accreditations and are suitably qualified for the roles they are asked to undertake.
Contractor onboarding also follows LGT WM’s supplier due diligence and HR onboarding practices.
In relation to our main outsourced workplace and facilities management arrangement, the contract:
Contains a dedicated Modern Slavery clause, under which the supplier warrants ongoing compliance with the Modern Slavery Act 2015 and undertakes to conduct due diligence within its own operations and supply chain to ensure that no slavery or human tracking is taking place.
Requires the supplier to maintain records that enable traceability of its supply chain in respect of services provided to LGT WM. This is overseen through a structured governance framework, including monthly, quarterly and annual contract review meetings attended by designated LGT WM staff and the supplier’s relationship team.

Suppliers

Suppliers of a certain nature are required to go through our supplier onboarding and oversight process, which includes supplier engagement, selection, initial due diligence, periodic due diligence, and ongoing KPI monitoring for all medium and high-risk suppliers.
Suppliers are expected to comply with applicable employment legislation, including in relation to the National Living Wage, and with applicable human rights laws, as well as our minimum standards relating to modern slavery and other relevant policies and procedures. As part of the initial due diligence process, they must also provide copies of their policies and procedures.
Where relevant, checks and investigations are conducted on the suppliers to help ensure that LGT WM is not engaging with individuals or companies that are subject to sanctions.

5. Training

LGT WM provides employees with training and awareness relevant to conduct, whistleblowing and applicable internal policies. This includes induction training for new joiners, online conduct-related training, and references to modern slavery in the Employee Handbook.

6. Grievance mechanisms and remediation

If modern slavery concerns are identified by LGT WM employees, reports may be made through the following channels:

Internal reporting channels – employees are encouraged to discuss concerns first with their line manager. In order to raise a formal grievance, the employee should write to a member of the HR Business Partnering team setting out the key facts of the grievance.
Group Internal Audit (GIA), LGT’s nominated whistleblowing office – the reporting person (available for third parties and employees) may submit a report via the LGT Whistleblowing Platform: https://lgtgroup.integrityline.io
Furthermore, reports can also be submitted in written form to:
Whistleblowing Office
LGT Group Foundation, Group Internal Audit
Herrengasse 12, FL-9490 Vaduz

Upon request by the reporting person, a physical meeting may be arranged. A report may also be submitted directly to the local GIA department. Once a report is made, GIA has the responsibility for investigating the matter fully, while maintaining the confidentiality of the reporting person who raised the concern.

Alternative external reporting channel – concerns may also be raised directly with: Disclose to the Gangmasters and Labour Abuse Authority (GLAA).

If a specific case of modern slavery is identified here in the UK, it should be reported immediately to the GLAA on 0800 432 0804 or the police on 101. If potential victims are in immediate danger, the standard 999 emergency number should be used.

Modern Slavery Helpline

Anyone who thinks they may have come across an instance of modern slavery, or indeed who may be a victim themselves, should call 0800 0121 700 for more information and guidance on what to do next.

The recipient of the whistleblowing report or grievance, together with all others involved in the whistleblowing or grievance process, will treat the information confidentially and with the utmost care. Data will be stored in digital and physical form and will be accessible only to staff directly involved in the reporting and investigation process on a need-to-know basis.

Investigations will be carried out, and the relevant delegates will endeavour to keep the reporting person anonymous, informed and protected.

The formal grievance process includes an investigation, a grievance hearing, an outcome, and a right of appeal. In addition, LGT WM will take appropriate remedial action to address any issue identified and to help prevent recurrence.

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