IOOF yesterday released a range of new enhancements to its flagship retail platform, IOOF Pursuit. These enhancements were delivered to better equip and support more than 2,000 advisers using IOOF Pursuit to deliver continued outperformance for their clients.
Developed in response to adviser feedback the enhancements will result in more efficient client portfolio administration capabilities and streamlined business processes, including:
Key enhancements include:
- Non-lapsing binding nominations are now available on all IOOF Pursuit superannuation and pension products. Non-lapsing binding nominations do not expire after three years, unlike binding nominations, thereby removing the need to update it unless required.
- Indexed advice fees on all IOOF Pursuit products. Advisers can now choose to automatically index certain fees by the Consumer Price Index (CPI) or a fixed percentage (up to a maximum of 10 per cent) on a specific date each year.
- Additional pension payment date on all IOOF Pursuit pension products. Clients can now choose to receive their pension payments by the 14th or 28th day of the month, giving them more choice and flexibility.
- Mark Oliver, General Manager of Distribution at IOOF, said “IOOF Pursuit’s new capabilities reinforce our philosophy of delivering simple yet powerful solutions that improve efficiencies for advisers and enhance the value of advice for clients.
“Through empowering advisers and their clients, these enhancements ensure IOOF Pursuit continues to maintain its strong position in the market.”