Redington has entered a "growth phase" and aims to boost staff numbers by more than a quarter in its current financial year, after the investment consultant's pre-tax profits doubled in the 12 months to the end of April.

The firm - renowned as being one of the early leaders in persuading pension funds to use derivatives to hedge against inflation and interest rate changes - reported improvements across a swathe of metrics, according to its latest accounts filed at Companies House for the year ended April 30, 2015.