Plan B Insurance Brokers to cease operations under existing AFSL
Publicly listed West Australian-based financial services group, Plan B, has notified the Australian Securities and Investments Commission (ASIC) that its Plan B Insurance Brokers will cease operations under its existing Australian Financial Services License next month.
The company has made formal application to ASIC on the basis of Plan B Insurance Brokers voluntarily ceasing to operate a financial services business from 1 July, 2011. It is expected the broking business will operate under another Plan B AFSL.
The company’s announcement follows on from its recruitment campaign to fill its newly created chief executive officer position.
The company also earlier this year announced it had taken a stake in the Queensland-based My Adviser dealership, with the intention of moving to a full acquisition over two years.
AUTHOR
Mike Taylor
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