IOOF has released new enhancements to its flagship retail platform, IOOF Pursuit, to better equip and support over 2,000 advisers.
The enhancements, which were developed in response to adviser feedback, include:
- Non-lapsing binding nominations, which are available on all superannuation and pension products, and, unlike binding nominations, do not expire after three years;
- Indexed advice fees, which allow advisers to automatically index fees by the Consumer Price Index (CPI) or a fixed percentage on a specific date each year; and
- Additional pension payment date, which give clients the ability choose to receive their pension payments by the 14th or 28th day of the month.
General Manager of Distribution at IOOF, Mark Oliver, said the new capabilities reinforce IOOF’s philosophy of delivering powerful solutions that improve efficiencies for advisers.
“Through empowering advisers and their clients, these enhancements ensure IOOF Pursuit continues to maintain its strong position in the market,” he said.