Research and ratings house, Morningstar says sale of the Wealth Management business is key to Perpetual Limited meaningfully lowering debt.
Sequoia-owned InterPrac continues to lose advisers with WealthData analysis showing that the business has lost 65 advisers in six months.
Perpetual has clearly signalled that even if the Bain Capital bid for Perpetual Wealth Management stalls, the business remains on the block.
Despite the Government’s continuing policy push around the Retirement Income Covenant, lump sum super draw-down remain a popular choice.