- Pays significantly below the market rate, no reward for additional experience or qualifications.
- Toxic culture where management are forced to bow down to the demands of the advisers, who bring in the revenue, and IOOF.
- No overtime pay or time in lieu, incredibly inflexible and a poor choice for a professional female. This is also relevant for women hoping to become advisers. You will note a massive gap between the number of male and female advisers, this is because of how inflexible they are when it comes to working hours, and the fact they will favour males for promotions to advisers. Time off for maternity leave puts you at the 'bottom of the queue'.
- Continually changing and conflicting policies and procedures as the company struggles while trying to nationalise and follow IOOF's requirements.
- Vertical integration is becoming an increasingly bigger issue with the firm.
- Higher fees compared to other firms means they are struggling to compete and do not have great prospects for long term growth.
- Toxic culture, where unhealthy work/life balance is rewarded.
