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IOOF Alliances launches service for self-licensed advisers

IOOF Alliances will provide its members with access to AFSL support services through a partnership with compliance firm Integrity Compliance.

In a statement, IOOF Alliances said it will give its members access to “a range of AFSL support”, including access to Integrity Compliance’s software to assist members manage their compliance obligations.

“Our recent survey of self-licensed advice businesses revealed that self-licensed AFSLs are focused on rigorous compliance and effectiveness in managing their compliance requirements,” said IOOF Alliances national manager Andy Marshall

“Having access to a technology solution provides our members with enormous robustness and certainty for their compliance processes.”

The statement added that IOOF Alliances members are also “trialling new advice software” and engaging in a number of business growth initiatives, which IOOF Alliances members listed as areas of “strong desire” in a recent survey.