IOOF

Financial planning

This has been a tough week for IOOF given that the financial planning groups operating under its umbrella have topped the list for the highest declines in adviser numbers...

Funds management

IOOF offering ‘standout value’ despite losses

Nikko Asset Management is still looking to IOOF despite the company reporting a downturn of $0.4 billion in funds under management....

Financial planning

IOOF dismisses $1.3b outflows as advisers exit

IOOF chief executive, Renato Mota, has downplayed the impacts of advisers who have exited....

Financial planning

AMP FP no longer tops the list

AMP Financial Planning has lost its status as the single biggest financial planning group in Australia by adviser number, according to HFS Consulting’s data from 31 Decem...

Financial planning

IOOF and BT part ways on Platforms

IOOF and BT have ended their platform arrangements, with HUB24 emerging the winner. ...

Financial planning

Almost 2,750 adviser roles gone in 2020

Over 2,170 roles were shed during the first six months of the year, and AMP Financial Planning saw the largest departure of 315 roles, according to data. ...

Life/Risk

As ASIC begins its LIF review an adviser report tells its own story

As the Australian Securities and Investments Commission kicks off its review of the Life Insurance Framework a new report has defended the value of life/risk commissions....

Financial planning

IOOF encounters attrition amongst Godfrey Pembroke advisers

A majority of Godfrey Pembroke advisers have signalled they will be signing up to a new Godfrey Pembroke-branded license under IOOF but around 25% appear to have made alt...

Financial planning

Advisers exceed expectation of 95% of clients

The barriers to seeking advice are perceived rather than actual and are not reflected in the real-life experiences of individuals who receive advice, according to an IOOF...

Features

InFocus: When the big banks left they took their money off the table

There is no lack of competition between licensees to attract good financial planning businesses, but Mike Taylor writes, the days of the deep pockets of the big banks are...

Features

2020 – a year of incidents and challenges

Amid the challenges of the COVID-19 pandemic, Australian financial advisers were also witness to significant changes, writes Mike Taylor, not least with respect to AMP an...

Financial planning

Key Godfrey Pembroke firm moves to Count Financial

In a significant shift amid the transition of advice firms from MLC Wealth to IOOF a key Godfrey Pembroke firm, Ascent Private Wealth has opted to break ranks and move to...

Features

InFocus: Will commercial reality drive consolidation of planning organisations?

The two largest financial planning organisations have increasingly been singing from the same hymn book in delivering their policy messages to Canberra but they are still...

Financial planning

Dealer group competition to attract advice practices heats up

Centrepoint Alliance is urging advice practices to consider long-term quality over short-term incentives as competition between the major dealer groups heats up in the wa...

Financial planning

Advisers' businesses unsustainable if only looking for cheap licensees

Advisers need to be confident that a prospective licensee will be around in the future if they are looking for a discounted licensee, according to a panel....