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.

Financial services group IFG has announced the sale of its Irish operations, but intends to keep its primary share listing in Dublin and remain headquartered in Booterstown.

An improved performance by its Irish operations helped boost total group revenue at IFG by 4.6% last year, with pre-tax profits rising by over 3%.

Financial services group IFG is likely to play an active role in an expected wave of consolidation within the financial advisory and pensions administration sectors, in the next couple of years.

FINANCIAL services group IFG has said that its UK operations — which accounted for 57% of group profits last year — have enjoyed a good start to 2011, without giving any specific growth figures.

SHARES in Irish financial services group IFG jumped by 17% yesterday, in reaction to the business announcing that it has received a potential takeover approach.

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.

IFG has said its Irish pension and advisory business is performing well – in terms of profitability and client wins – and that its entire operations have enjoyed a good first half to the year.

FINANCIAL services group IFG said it is in line to meet expectations this year but the property related business in Ireland remains challenging.

FINANCIAL services group IFG made pre-tax profits of €8.6 million for the year to December 31, 2009, well down on the €13.2m it achieved the previous year.

IFG’s acquisition of British pensions company James Hay Holdings, received shareholder approval yesterday and is now likely to be formally concluded within the next four-to-six weeks.

IRISH financial services group, IFG has reached agreement to buy one of the leading players in the British SIPP (self invested personal pensions) market for €38.5 million.