IFG Ireland is on course to return to profitability over the course of this year with both operating results and revenue improving over the past 12 months, according to the company’s interim management statement.

Financial services group IFG has significantly enhanced its presence in the specialist pensions sector in Britain, with its subsidiary becoming the fifth largest provider of such products.

Strong new business momentum helped drive profit and revenue growth at pensions provider IFG during the first half of this year.