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IOOF posts profit, restructures businessBY ELIZA BAVIN | MONDAY, 31 AUG 2020 11:59AM
IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation.
Read more: IOOF, P&I, Renato Mota, Actuate, ANZ, Australian Ethical, Bridges, EWM, Financial Services Partners
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Aware Super is implementing a new suite of technology products that will allow it to in-source member experience, including administration, so far done by Mercer.
Russell Investments has launched a new personalised super product, replacing its MySuper offering as it eyes mandates from other funds.
An investment advisory boutique which soft launched in September, headed by former PwC chief executive Luke Sayers, has bolstered its leadership team.
Design and distributions obligation (DDO) reforms may have been pushed back to October next year as a result of COVID-19 but ASIC said it is top of the priority list for 2021.
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