The significance of this expansion also largely hints the financial health of the company and the change of attitude toward IOOF among other financial institutions, particularly it happens immediately after the resignation of the Chair and CEO. The feelings of trust will be re-established despite the fact that all the banks are keen to offload the planning arm now. Although there still be some of challenges ahead, it seems the company has turned the corner.
Ann: IOOF to acquire Bendigo Financial Planning Book, page-4
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