4th Jul 2006 07:00
Mattioli Woods PLC04 July 2006 Press Release 4 July 2006 Mattioli Woods plc ("Mattioli Woods" or "the Group") Trading Update Mattioli Woods plc, the specialist pensions consultancy, today issues thefollowing trading update in advance of its Preliminary Results for the yearended 31 May 2006, which are to be announced on Tuesday, 5 September 2006. Bob Woods, Executive Chairman, comments: "We are pleased to report that trading results over the six months since ouradmission to AIM have been strong, as expected against the backdrop of continuedgrowth in the Self Invested Personal Pensions (SIPP) market and the long awaitedimplementation of the Government's Pension Simplification legislation "A-Day" on5 April 2006. "A-Day" has created demand for additional consultancy services, which have beenof great benefit to our clients. This has resulted in a large number of pensionand property transactions being carried out in both the run up to, and theimmediate aftermath of, the new legislation. We expect the uncertainty aboutthe new legislation, which is evident in the marketplace, to stimulate furtherdemand for our consultancy services. "The prospects for our traditional Small Self Administered Schemes (SSAS) arestrong, and we believe the benefits of SSAS may have been overlooked by themarket. The two acquisitions we made during the financial year have beensuccessfully integrated into the Group's activities, and reinforce ourconfidence in achieving full year results in line with market expectations. "Investment markets over the year generally have been favourable, and stronginvestment returns for a third year running, on the back of sound investmentstrategies, have been very well received by our clients. We continue to be wellplaced with our investment strategies, despite the recent equity marketdownturn. "We launched our first 'structured product' in June, linking the performance inmajor emerging market economies over a five-year period with a 100% capitalguarantee. Subject to market conditions, we intend to continue to offer suchcontracts going forward. "Our recent recruitment activity has kept administrative capacity in line withbudget. The outlook for the Group remains positive, and we are confident ofdelivering continued growth in the year ending 31 May 2007." - Ends - For further information please contact: Mattioli Woods plcBob Woods, Executive Chairman Tel: +44 (0) 116 240 [email protected] www.mattioli-woods.com Ian Mattioli, Chief Executive Tel: +44 (0) 116 240 [email protected] www.mattioli-woods.com Nathan Imlach, Finance Director Tel: +44 (0) 116 240 [email protected] www.mattioli-woods.com Media enquiries:AbchurchSarah Hollins/Justin Heath Tel: +44 (0) 113 203 [email protected] www.abchurch-group.com Note to editors: Mattioli Woods was established in 1991 by Ian Mattioli and Bob Woods. The Groupprovides pensions consultancy and administration services primarily toowner-managers, senior executives and professionals. Mattioli Woods' keyactivities include complex pensions consultancy, the provision of self-investedpersonal pensions ("SIPP") and small self-administered pension schemes ("SSAS"),advice on related business affairs, including pension investment services andthe facilitation and administration of syndicated property schemes. Its focusis at the higher end of the market where clients require bespoke service andspecialist advice. Mattioli Woods listed on the AIM market on 23 November 2005. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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