Mattioli Woods to launch discretionary service in 2011

Pensions consultancy Mattioli Woods is shortlisting platform providers to help launch a discretionary fund management offering in summer next year.

In a trading statement, Bob Woods, executive chairman of Mattioli Woods, says the group has performed well over the past six months and expects to benefit further as a result of pension reforms.

"We have enjoyed strong growth in administration and consultancy fees compared to the equivalent period last year," says Woods.

"I welcome the coalition government's proposals for pension reform and expect these legislative changes to drive further demand for advice.

"We are proactively engaging with our clients to help them understand the implications of these proposals."

Mattioli Woods is a pension and wealth management consultancy for controlling directors, professionals and SMEs.