IOOF rejigs CRO role, appoints successorBY KARREN VERGARA | FRIDAY, 26 JUL 2019 12:08PM
IOOF has redefined the role of its chief risk officer and appointed a compliance and governance expert to the position. The group also announced the sale of one of its advice practices.
Read more: IOOF, ANZ, Amanda Noble, APRA, Elders Financial Planning, Equity Trustees, Financial Services Partners, Ian Lancaster, Paul Vine, Renato Mota, RI Advice, Trustee Partners
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Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through the Senate yesterday.
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Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
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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.
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