@SeeThru
To answer your question, I cannot say with any certainty whether there are any direct links between IAM and NAB. Admittedly, there certainly wasn't anything in the article stating this, so unfortunately it is up to the reader to make their own interpretation.
Whilst I am generally against "speculation" purely on the basis of creating unnecessary upheaval, rumour and being downright misleading (not to mention arguments on HC), I do believe in "insights" based on known information (both public and through personal industry experience).
I admit, this could be a classic case of confirmation bias but I rely on the diverse views posted on HC to present alternative scenarios...
For example, the statement in the article "many of those affected would secure new opportunities within the new structure, including the 30
new roles we have created within NAB Financial Planning", to me rings of a strategic decision to
reallocate resources, not just cost-cutting. Remembering that FP roles are sales role and bring in direct revenue for the business. So for NAB to reallocate these roles to NEW ROLES, means there are greater opportunity elsewhere (financially for their business) that previously weren't available. It could be in obvious areas such as compliance/risk, paraplanning etc, but it also makes sense that junior financial planners that specialised in super and insurance (and rarely anything else) could also support a new processing model that facilitated sending work from their FP network to IAM/Offshore.
...Just sayin.
Bodhi_Trader
(no more insights or speculation from me on the matter).
thanks again great article let's see what our IAM team has to Announce after the get together (hope they are preparing something we know Charles Blake starts this week, PC will be on our iamlth site interview)
