‘Positive outlook’ for Irish pensions

IFG has said its Irish pension and advisory business is performing well – in terms of profitability and client wins – and that its entire operations have enjoyed a good first half to the year.

Addressing shareholders at the group’s annual general meeting in Dublin yesterday, chairman Joe Moran reiterated the board’s previous guidance of 18c-20c for full year earnings per share for 2010.

Mr Moran added that both the pensioner trustee services and financial advisory divisions in Britain have enjoyed a good start to the year and are on target, with new business flows healthy.