Specialist wealth management and employee benefit services provider, Mattioli Woods (MTW) has updated investors that its year ended 31st May 2014 was one of “strong growth, in line with our expectations”. On that basis at 452-460p the shares look cheap.
The company added that it expects to benefit from government plans to provide full access to pension funds from retirement and that it is well positioned to take advantage of many employers now reviewing their benefits strategies as a result of auto-enrolment, the introduction of a charge cap on auto-enrolment pension schemes in April 2015 and the abolition of provider commissions in April 2016.
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