IOOF has introduced a third model to its Pursuit platform -IOOF Pursuit Focus.
According to IOOF, Pursuit Focus offers low cost access to the company's suite of multi-manager trusts, with personal superannuation and pension options.
It said the offering would have an administration fee of 0.34 per cent, therefore allowing clients to build their retirement savings quickly through a range of multi-manager investment options, including IOOF MultiMix.
The company said clients could also access insurance via the platform.
Commenting on the launch, IOOF's general manager, distribution, Renato Mota said the company was focused on helping financial advisers service their clients.
"Pursuit Focus will allow advisers to compete effectively in the market with simpler advice needs," he said. "Importantly, Focus will have all the features and reporting they have come to expect from Pursuit Select, such as retail insurance and online reporting and transacting."
He said IOOF Pursuit offered a complete fee-for-service structure, together with the flexibility of an adviser service fee, allowing advisers to structure their remuneration according to how their business operates.
"In a post-FOFA world, advisers will need to develop clear value propositions for each segment of their client base," Mota said. "Pursuit Focus has been designed with a high degree of input from financial advisers which ensures that it will play a key role in the competitive landscape going forward."
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