FSP consolidates administration
Financial Services Partners(FSP) is relocating its Melbourne administrative functions to Sydney in a reorganisation of its back-office structure.
The restructure will also see the group’s support and technical teams in Melbourne moving to a new sales office, which will include the adviser development and paraplanning operations.
FSP national sales development manager Chris Staples says the administrative relocation will definitely see a number of FSP staff moving to Sydney, but exactly how many is not yet known as the group continues to define and allocate new roles.
FSP chief executive Geoff Rimmer says the merger with Inscorp Financial Services effectively “gave us two head offices, one in Sydney and one in Melbourne”.
Rimmer says it now makes sense to re-centralise administrative operations to Sydney where the group can share services with the broader FSP Group of companies.
FSP is also moving to the commission system traditionally used by Vector - Dealer Management Systems — and moving away from the system previously being used by Inscorp, which was originally developed byAXA.
Last month the group also moved to a new platform provider -Avanteos, and a new research and software provider -van Eyk.
Earlier this year the group flagged that it would be introducing further products to its risk product range, and is now in discussions with management atLumleyabout picking up its disability product, as FSP's previous providerPrefsurehad no such product.
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