Member Article

Leeds’ LEBC group continues to grow

Leeds-based pensions and employee benefits consultancy, LEBC Group has reported an 8% increase in turnover from £10.4 million (2012) to £11.3 million for its financial year ended 30 September 2013.

Recurring revenues increased by 13.5% and operating profit was £774,000 (£556,000 30 September 2012).

Jack McVitie, LEBC’s chief executive said, “Despite challenging market conditions over this period and a post RDR environment, our turnover was 3.4 per cent ahead of plan which is a great achievement.

“As a business, we have responded extremely well to the social, economic and political changes encountered to become a force in today’s financial services market.”

LEBC has 14 offices spread evenly across the UK - such is the success of the business an ongoing recruitment programme is in place to attract the necessary talent to ensure we meet the demands of its growing client base, the business and an ever changing sector.

This year’s Budget also saw radical reforms to pensions. The whole package of liberalisation of pension funds means it will be more important than ever for those with pensions and savings to have a financial plan in place to help them manage the way in which they access those savings and income throughout their lives.

This was posted in Bdaily's Members' News section by Clare Burnett .