IFG announces €1.4m losses for 2004

Financial services group IFG made losses before tax of €1.4m last year. In addition, goodwill of €7.4m has been written off in relation to the closure of the group's pension release business.

Chief executive Richard Hayes said: "We intend to invest further in people and markets in those areas where we see material long term potential. This should give rise to significant growth over