Ann: Heads of Agreement with Sentry Group-IAM.AX, page-461

Centralizing back office functions is the trend and a must for survival.... another recent example:

http://www.dailymail.co.uk/wires/re...lash-costs-wealth-management-rejig--memo.html

AMP have been centralizing some back office functions since 2010:

http://www.copyright link/it-pro/amp-restructures-back-office-20101102-j5e83

http://www.itnews.com.au/news/amp-wraps-up-coin-software-rollout-167507

"The rollout started in March last year, according to industry journal Money Management.
AMP said it had also centralised back-office services for its financial planning practices. Both initiatives were aimed at increasing the amount of time planners were able to spend in front of client"

IMO IAM is rolling out with AMP (evidence = iPac, Charter, Planwell)..... should become official before years end IMO.....

d_l_b