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Federal Court delivers APRA, IOOF verdictBY JAMIE WILLIAMSON | FRIDAY, 20 SEP 2019 11:23AM
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator.
Read more: IOOF, APRA, Federal Court of Australia, Superannuation Industry Supervision Act, Chris Kelaher, George Vernados, David Coulter, Gary Riordan, IIML, Paul Vine, Questor Financial Services
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
The government's move to extend the ban on conflicted remuneration to listed investment companies and trusts is expected to provide financial advisers with some much needed certainty.
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