National advice firm LEBC has posted a 43% increase in pre-tax profits for the last year, saying it had benefited from the "positive impact" of the incoming pension freedoms.
LEBC posted pre-tax profits of £1.1m for the year ended September 2014 - up from £770,000 in the year before. The group's turnover increased by 9% in the period, from £11.2m to £12.3m. LEBC is authorised by TenetConnet and operates 14 offices with 62 independent advisers across the UK. The group turned to profit in 2012 after switching networks from Sesame to Tenet. The firm had posted a £577,000 loss in 2011. Last year's results showed a 38% upswing in profits from £556,000 recorded in 2012. Chief executive Jack McVitie said the firm focused on increasing efficiency and impr...
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