Intiger Group has requested a trading halt of its securities pending clarification of the announcement made earlier today.
NAB has also now provided ifa with further clarification.
In another statement, NAB said: “NAB has discussed overflow paraplanning service options with a range of companies for when client demand exceeds our internal capacity, including with Intiger. However, NAB has made no decisions on whether we will pursue any of these options and there is no MOU in place.”
An Intiger director denied ifa’s request for comment.
*** 2 pm update*** NAB Financial Planning has denied Intiger Group’s claim that the two companies have entered into an MOU.
In a statement to ifa, a NAB spokesperson said: “NAB always looks for ways to improve the way we do business, but we have made no decisions to change the way we do business, and we have not entered into an MOU with Intiger Group.”
ifa has now reached out to Intiger for clarification.
More to come.
***Original story***
NAB Financial Planning has entered into a memorandum of understanding with a software provider, as the dealer group reviews its paraplanning and advice creation processes.
According to a statement by Intiger on the ASX, NAB Financial Planning has entered into an MOU with Intiger Group to conduct a range of mock client Statement of Advice (SOA) processes.
As part of the deal, NAB Financial Planning will assess Intiger’s paraplanning and advice creation capability, generate “qualitative and quantitative learnings and explore the current competitive landscape”, the statement said.
The move comes as NAB Financial Planning is reviewing its advice process in respect of quality and cost of advice and optimisation of the customer experience.
The engagement will begin the week of 6 March.
The statement added that NAB Financial Planning has more than 400 planners and specialists across more than 200 locations throughout Australia.
NAB advisers are also members of the FPA and adhere to set standards in relation to ethics, conduct and continuing professional development, the statement said.
Mark Rantall, former FPA chief executive, is chairman of Intiger.
If this would have any suport would be all over the media on all media feeds nit just on ifa. People lost hundreds of thousands of dollars selling their holdings based in this article. Admin please kindly remove this article from your feed and let NAB and Intiger Limited take care of it Thank You Regards Adrian
NAB has not had to correct the record on any other media feeds because no other media feed reported the original story
Pure speculation at this stage, but lets see how it unfolds…
Don’t Worry Be Happy IAM
Hi folks, just wanted to say hi.
AMP next signed MoU!
Real house hold name!
forrest here, anyone post anything about this
Hi mum and dad 😉
I don’t believe that is really you, Anonymous. You’ll have to prove it. Love ya though.
IAM line wiping as soon as the NAB MOU is announced to the market. Everyone on HC must be crazy to sell when we have another 9 MOU’s coming this year. That equates to 1 MOU per month. WOW! I think the SOWER is a great bloke and made a mistake but I Will speak with him to help me line wipe. Everybody needs to listen to me. IAM MALMANU
Thought there was an IFA moderator approving these posts? Seems like a lot of rubbish here slipped through the cracks. Why not delete the lot and wait to see what IAM and NAB announce formally in relation to this?
Intiger will bounce back from this big time and the rumbles from yesterday will be a distant memory. Bring on the MOU’s 😛
@M17_IAM are you bi-polar by any chance?
not sure what you mean by that malmanu, if that really is you! I’ve always been around since the RSL days and before we formally transitioned to IAM, I became a long term holder. You on the other hand, seem to be all over the place with your wild ramblings on HC. One must really wonder whats wrong with you to spend so much time posting negativity on stocks from all walks of life, when you have never held them yourself!
Or it’s not malmanu and merely someone who has impersonated him because this website doesn’t require you to create an account to comment.
hmmm i am getting worried
You are not TheArchitect thanks, I’m not worried
Damn impersonators! My spidey sense is tingling
So glad I sold my shares again today after this was published! Time to move along
Don’t let the door hit you on the way out 😆
They may actually be on to something, I’m with you Sower
It’s not funny find something better to do 🙂 I hold tight
It’s a little funny lol
Bad reporting and no mentioned sources on article, very poor website with no credibility! shame shame shame
Trump was right. The news is fale
so we are to believe instead of NAB contacting Intiger or the ASX directly to deny the ASX announcement, they instead contaccted this website to deny it….come on pls GTFO
Intiger needs to sort themselves out
I can’t believe what IFA are spewing out.
People are selling their shares based on this?!? What is this????
wth where is your integrity, you’ve not given any name for your source and is in direct contradiction to an ASX announcement
What a load of bull
who is the UN NAMED JOURNO? I will be contacting my lawyers if the fake news has cost shareholders money.
Take this junk down. Directly conflicts with an ASX release and you haven’t even quoted your source or the authors name.
they may actually be on to something, i’m pretty pissed off too.
You are crooks of the highest calibre.
Way to make us think even less of you now than previously.
whose your source , some paper pusher who’s scared of losing their job?? its been vetted by ASX / ASIC, i’d back them before I backed anything on here. Time to come clean!
Bit of a worry when it is stated Staff Reporter….. whos the journo?
FAKE NEWS
Well it’s not. Go check ASX
FAKE hahaha
Yea, ASX always spewing out fake news. It’s worse than buzzfeed.
Really?? ASX and ASIC always check those announcements before they are posted.
Update at 2pm shows that this is FAKE NEWS!
Not worthless….Priceless
How ridiculous. The FPA has hijacked this industry. Turned it into a Dudley do right competition all the while forgetting the enormous cost the FPA has inflicted on every planner and every dealer group from their relentless pursuit of selling courses and justifying membership via scare campaigns.
This industry like every industry will always have one or two bad people do the wrong thing, it didn’t need your ridiculous and over the top onerous compliance regime you forced the clueless politicians into signing off on. You knew they wouldn’t understand the implications to the industry. The consumer and client won’t afford the ridiculous SOA or service fees planners now have to charge just to open their mouths.
Well done FPA, you have made this industry worthless.
Ah yes, but in all their efforts to sell more courses and impose more training and tougher standards on newer financial planners, the FPA has been very careful not to touch the grandfathered CFPs. They can still masquerade under the FPA’s “highest standard” banner, even though they have never completed anything like a professional level of education or assessment. The FPA board must be heavily influenced by grandfathered CFPs.