IOOF will transfer some of Plan B’s head office operations from Perth to Melbourne and shed some positions once the takeover of the company is completed.

The move has been revealed in IOOF’s bidder statement for the WA-based dealer group.

“IOOF and Plan B’s businesses share some common features and requirements,” the statement said.

“IOOF anticipates that the underlying assets of Plan B will integrate effectively and easily into IOOF’s business over time providing recurring synergies by June 30, 2014.”

The Victorian financial services company wants to keep Plan B’s head office in Perth, but has announced some duplicated positions there will go.

“IOOF expects there will be some corporate, managerial and operational duplication in the two businesses and some positions will become redundant,” the statement said.

“IOOF cannot determine the extent of such redundant positions until it has completed its review.”

The offer for Plan B shares closes on September 11.