profits
Pension group XPS has reported flat profits for the 12 months ending 31 March at £11.4m but remains positive about the year ahead.
Embark Pensions, which includes EBS Pensions and Rowanmoor, saw a near 14% increase in client numbers in 2019 but a 6% decline in net operating profit, according to annual results.
Curtis Banks has reported pre tax profit up by 8% to £10.9m for 2019.
Wealth manager St James’s Place saw profits slump in 2019 after a “challenging year” for the wealth management sector.
Platform Transact is to trim annual and buy commission charges in the spring as platform competition intensifies.
Platform and SIPP provider AJ Bell saw pre-tax profit rise by 33% to £37.7m in the year ended in September, the company reported today.
Cost cutting helped SIPP provider Mattioli Woods maintain modest profit growth over the past 12 months in the face of market challenges and a dip in revenue.
International SIPP provider STM Group has predicted it will boost profits this year despite a number of setbacks.
Platform and SIPP firm AJ Bell has boosted its profits to more than £28m as its forthcoming IPO approaches.
Sipp provider Aviva’s adviser platform boosted assets under management by 11% in the first half of this year.