Ann: Suspension from Official Quotation, page-99

Several very reassuring statements among in the article of your second link....

https://www.professionalplanner.com...res-to-improve-quality-and-consistency-51945/

Firstly....

"As part of the restructuring NAB Financial Planning will abolish almost two-thirds of its 90 “entry-level” advice roles and will create 30 new senior financial planner positions".

"Steele says that about half of the entry-level advisers cut will “end up back in advisory roles, and another 20 will take on client-review or admin support roles”.

and then....

“We are looking to tilt our advice footprint towards more financial planners and senior financial planners, and we’re increasing the number of admin support roles we’ve got within the business to enable our advisers to more effectively take care of their clients,” he says".


The importance of these two statements cannot be mistaken.

Aside from the pleasing fact it shows that NAB are looking to keep the majority of their staff (albeit in new roles) this is exactly the model proposed by IAM.

Back office/non full-advisory staff would be reduced allowing more front office support for the current advisors (and their current clients) as well as more front office advisors to service new clients which, until now, they simply could not handle.

These are substantial statements actually showing that NAB are buying into the IAM theory.

They are making it their own.

Bring on MOU 3.