Mattioli Woods PLC
04 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 the
following trading update in advance of its Preliminary Results for the year
ended 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 our
admission to AIM have been strong, as expected against the backdrop of continued
growth in the Self Invested Personal Pensions (SIPP) market and the long awaited
implementation of the Government's Pension Simplification legislation 'A-Day' on
5 April 2006.
'A-Day' has created demand for additional consultancy services, which have been
of great benefit to our clients. This has resulted in a large number of pension
and property transactions being carried out in both the run up to, and the
immediate aftermath of, the new legislation. We expect the uncertainty about
the new legislation, which is evident in the marketplace, to stimulate further
demand for our consultancy services.
'The prospects for our traditional Small Self Administered Schemes (SSAS) are
strong, and we believe the benefits of SSAS may have been overlooked by the
market. The two acquisitions we made during the financial year have been
successfully integrated into the Group's activities, and reinforce our
confidence in achieving full year results in line with market expectations.
'Investment markets over the year generally have been favourable, and strong
investment returns for a third year running, on the back of sound investment
strategies, have been very well received by our clients. We continue to be well
placed with our investment strategies, despite the recent equity market
downturn.
'We launched our first 'structured product' in June, linking the performance in
major emerging market economies over a five-year period with a 100% capital
guarantee. Subject to market conditions, we intend to continue to offer such
contracts going forward.
'Our recent recruitment activity has kept administrative capacity in line with
budget. The outlook for the Group remains positive, and we are confident of
delivering continued growth in the year ending 31 May 2007.'
- Ends -
For further information please contact:
Mattioli Woods plc
Bob Woods, Executive Chairman Tel: +44 (0) 116 240 8700
bob.woods@mattioli-woods.com www.mattioli-woods.com
Ian Mattioli, Chief Executive Tel: +44 (0) 116 240 8700
ian.mattioli@mattioli-woods.com www.mattioli-woods.com
Nathan Imlach, Finance Director Tel: +44 (0) 116 240 8700
nathan.imlach@mattioli-woods.com www.mattioli-woods.com
Media enquiries:
Abchurch
Sarah Hollins/Justin Heath Tel: +44 (0) 113 203 1340
sarah.hollins@abchurch-group.com www.abchurch-group.com
Note to editors:
Mattioli Woods was established in 1991 by Ian Mattioli and Bob Woods. The Group
provides pensions consultancy and administration services primarily to
owner-managers, senior executives and professionals. Mattioli Woods' key
activities include complex pensions consultancy, the provision of self-invested
personal pensions ('SIPP') and small self-administered pension schemes ('SSAS'),
advice on related business affairs, including pension investment services and
the facilitation and administration of syndicated property schemes. Its focus
is at the higher end of the market where clients require bespoke service and
specialist 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 Exchange
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