IOOF plans to concentrate on its platform offerings and retirement income solutions for the next six to 12 months, the company' general manager of distribution said.
"The rest of the year for us is hopefully about trying to implement improved performance and flexibility around our platform offerings," IOOF general manager of distribution Renato Mota told InvestorDaily.
"We're looking at the types of assets we could implement or we could consolidate onto our platform offering."
Looking at retirement income solutions and general reporting on IOOF's platform are also key areas where the listed financial services company plans to make progress, he said.
He explained that the move is in response to adviser demand, but also, part of the company's strategic thinking about where the market is heading.
"Retirement income is one that we have seen a lot spoken about," Mota said.
"If you look at some of the risks people have in retirement (longevity or market risk) they are probably two areas that retail providers can and should play a massive role in helping people manage.
"We see this as a real opportunity for us and the industry as a whole."
Following changes in the 2012 federal budget, IOOF is in discussion with advisers who are asking for solutions outside of superannuation for high income earners.
"The challenge for a lot of advisers will be around the implementation of Future of Financial Advice (FOFA) reforms," he said.
"But we think that will really be between June and December as the period where they'll look to make most progress on that front."
