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Tue 01 Jan 2010UK arm to be 60% of IFG business after takeover, says chief
THE CHIEF executive of Dublin-listed financial services company IFG has said the company’s British division will constitute 60 per cent of its overall business following the acquisition of pensions company James Hay Holdings. IFG’s British unit currently accounts for 40 per cent of its business.
Mark Bourke was speaking after the company’s extraordinary general meeting yesterday at which shareholders voted to approve the £35 million deal, which will see IFG’s existing British pension business, IPS Partnership, absorbed into James Hay, a company that specialises in self-invested personal pensions.
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