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IOOF completes merger, appoints executivesBY ELIZABETH MCARTHUR | TUESDAY, 1 JUN 2021 12:25PM
IOOF completed its acquisition of MLC Wealth from National Australia Bank yesterday, adding 406 financial advisers to IOOF and making key appointments.Read more: IOOF, MLC Wealth, National Australia Bank, Darren Whereat, Garry Mulcahy, AustralianSuper, Godfrey Pembroke, Sawsan Howard, TenFifty
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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