IFG chairman Joe Moran says this year will be a brighter one for the company after what he conceded was a difficult previous 12 months, in which the company took a large financial hit in order to exit its UK endowment business.
At today's AGM, Moran said that while most operations were trading well, IFG's pensions release and UK financial advice business were experiencing some difficulties.
The company's focus this year will be on reducing its €59m debt level.
Chief executive Richard Hayes again ruled out a management buyout of the company. Asked about plans to sell off IFG's mortgage business, he said the company had an 8% share of the Irish market and saw it as a core operation.
