Report

Investing for growth

2016 saw growth in revenues, as well as a further increase in client numbers and assets under advice and administration (AUA), both positive indicators for future performance. However, accelerated investment aimed at further enhancing IFG’s ability to serve clients and deliver further sustainable growth was a drag on earnings in addition to the well-flagged negative impact of reduced interest rates. A platform repricing initiative to be phased in will ameliorate the ongoing impact from low rates in the current year. Investment in improving the customer proposition should better position IFG to benefit from an ageing population and pension freedom, while balance sheet strength supports organic and inorganic growth opportunities.
Underlying
IFG Group PLC

IFG Group is engaged in the provision of financial services and investment. Co. operates through the following divisions; International Trustee and Corporate Services; Actuarial and Pensioneer Trustee business; Financial Services business; and Mortgages, Title Insurance, Financial Services.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Andrew Mitchell

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