Financial services group IFG said that it has seen a good start to the year and is pleased with trading for the first four months of 2011.
In an interim management statement, the company said that general market conditions remains challenging as the fallout from the global economic and financial crisis continues.
'However, our businesses are resilient given their recurring revenue streams and strong market conditions,' the company said.
In Ireland, its corporate pensions and individual advisory business performed well in terms of client wins and profitability. However it added that the general brokering business continues to operate in a difficult environment due to a lack of capital and deals.
IFG is the leading provider of self-invested personal pensions in the UK and it said it had a total of 39,206 of these under administration by the end of April. It said it was seeing healthy new business flows in its James Hay Partnership in the UK. Its Saunderson House division has also seen a good performance with new client wins and revenue ahead of the same time last year.
The company also said that its international business segment, which provides trust and corporate services, delivered a resilient performance in the first four months of April.
