Pensions specialist IFG anticipates ‘meaningful growth’

Financial services group, IFG anticipates “meaningful growth” in group profitability in 2015 and has said it will adopt “a more progressive” approach to dividend payments to shareholders.

The Dublin-headquartered pensions specialist — which is now wholly focused on the UK market, following last year’s sale of its non-core Irish operations — yesterday reported an 8.2% fall in annual pre-tax profits, for 2014, to £4.6m (€6.24m); although group revenue marginally increased from £63.3m to £65.1m.

Operating profit slipped from £5.4m to £4.83m and basic earnings per share, from continuing operations, shrank from 4.18p to 1.11p.