Meeting near-term headwinds
In its trading update IFG reported that performance has been in line with management expectations. The cooling effect of market uncertainty on growth in James Hay and financial advice client numbers, together with the impact of low interest rates, remain a near-term head wind for revenues. Even so, with Saunderson House continuing to increase profits, IFG expects to match 2015 earnings. The long-term growth opportunity presented by an ageing population and pension freedoms remains in place and to address this IFG is continuing investment to enhance its service and increase operational gearing.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.
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