Specialist pensions arm drives IFG profits

Financial services group IFG has said it is well-positioned to build on a strong year which saw group revenues beat market expectations.

The Dublin-headquartered pensions specialist — now wholly focused on the UK after selling its Irish non-core operations — yesterday reported annual revenues of £71.3m (€90.3m) for 2015.

This figure was up 7% on the previous year and was 2% ahead of analyst forecasts. Operating profits — before exceptional items — rose 49% to £9.8m, which also marginally beat expectations.