Financial services company IFG Group has said it expects 2015 to deliver meaningful growth in group profitability.

In an interim management statement covering the months from January to October, IFG said it is now focused on its two main UK businesses - James Hay and Saunderson House.

It noted that it underwent a "significant change" during the year with the sale of non-core businesses.

The company also appointed Paul McNamara as its new chief executive at the end of July. 

In recent months, it has completed the sale of IFG FS and Siddalls France for up to £8.9m. The sale of its Irish pension and advisory business for €13.5m is still subject to Central Bank approval but is expected to be completed by the end of the year.  

It also remains in talks to sell its Irish general insurance business, ARB, though a deal is not imminent. 

IFG said that in overall terms, its operating pre-tax profits will be marginally below last year due to the effect of the disposals on the business. 

In today's statement, the company said it does not expect in the short term to move its group headquarters from Ireland or to change its current market listing arrangements in Dublin. 

It also said it will pay an interim dividend of 1.65 cent per share on December 16. Today statement said that given the significant changes to the business and the liquidity of the balance sheet, the IFG board will review the dividend policy early next year.