Why IFG shares have slumped in Dublin

Lower Bank of England interest rates hit financial services firm's profits

23rd March, 2017
Bank of England decisions affect IFG. Pic: Getty

Shares in financial services group IFG fell sharply in Dublin this morning after it reported a fall in profits last year.

It blamed the reduction on increased spending on investment and the impact of lower British interest rates.

IFG’s business is now focused on Britain, where it has two businesses targeted at high-income individuals. James Hay provides self-invested personal pension plans (SIPPs) while Saunderson House gives investment advice.

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