Financial services company IFG Group has said its performance remains satisfactory and added that it expects to meet its forecast earnings target of 18-20 cent per share.
In a trading update for the nine months to the end of September, it said the purchase of James Hay has added a new significant dimension to the group's scale and presence in its markets.
IFG said that trading conditions in Ireland remain very difficult, but its plan of building an Irish business similar to its UK operation is progressing well with solid performances from its group pension and individual advisory businesses.
It said its operational level results in its UK businesses - which represents 55-60% of group profits - are on track as it continues to successfully build scale in both its pensions administration and advisory business.
The company said its international business, which provides trustee and corporate services, is performing satisfactorily. But it added that it saw slower activity levels in some centres in the third quarter and it expects the figures to be 8-10% behind expectations for the full year.
