In a statement, the specialist wealth management and employee benefits business said it made a
Revenue rose to
The group's revenue mix changed over the period, meaning it its now more biased towards wealth management, employee benefits and third-party pension administration than it was last year. Together, these services made up 56.8% of the group's revenue, up from 52.9% last year. Nevertheless, direct pension consultancy and administration - the largest single item in its revenue mix - still made up 36.0% of the total, a small decrease from last year's 38.7%. Property management, falling to 7.2% from 8.4%, made up the remainder.
After taking into account an increase in the company's employee benefits expense to
"A key part of our strategy is the delivery of an integrated and scaleable technology platform to be used throughout the group," Woods said in a statement.
The group is planning a further
"It is our ambition to give clients a consolidated view of all their assets, building upon our existing client service proposition. I believe our ability to deliver proactive advice with a growing suite of our own products and services is a powerful combination, which will keep the group well positioned to secure further profitable growth over the coming years," Woods said.
The chairman added that the group remains focused on strong organic growth, but that it may turn to "strategic acquisitions" to supplement its current operations.
Further acquisitions would follow the purchase of
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