bullish

IFG Group PLC

Investing for growth

104 Views04 Apr 2017 21:02
Issuer-paid
SUMMARY

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.

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