IFG eyes pensions market growth

FINANCIAL services group IFG has expressed interest in expanding its presence in the specialist pensions market in Britain, on the back of a strong set of 2010 figures, which came in ahead of market expectations.

The Dublin-headquartered firm saw its annual revenue rise from €93.3m to €120.6m and adjusted earnings go from €14.8m to €21.6m.

Adjusted earnings per share — although down from the previous year’s 19.8c — came in at the upper end of expectations at 18.77c. However, operating profits of €4.4m and pre-tax profits of €3.1m were down by about €4m on the previous year’s restated totals.