Financial services provider IFG Group has said that the firm is performing well with the trends of the first half of the year continuing.

Covering the months from January to October, the company said in an interim management statement that its James Hayes partnership in the UK wrote 4,200 new SIPPS (Self-Invested Personal Pensions).

It now has a total of 39,070 SIPPs under administration.

The company said that when it bought James Hay in 2010, a yearly target of 4,000 SIPPs by year five was set. "This milestone has been achieved with 4,200 new SIPPS written by the end of October 2013," IFG said.

Despite the low interest rate environment and competitive marketplace, average revenue per SIPP has remained stable, the company added.

Trading in its Saunderson House business, based in the City of London, is good, with revenue and operating profit up to October ahead of the same time last year. IFG said that new client wins of 125 are almost 50% ahead on the same time in 2012.

IFG shares closed 1.5% higher in Dublin trade today.

In Ireland, IFG provides pension administration and financial advisory services. The company said these business are seeing a "steady performance" despite the difficult trading conditions.