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Showing 101 - 110 of 849 results for %22IOOF%22

APRA approves MLC super takeover

ELIZABETH MCARTHUR  |  FRIDAY, 7 MAY 2021
APRA has given IOOF the go-ahead to take over MLC's superannuation business. Yesterday, the regulator approved IOOF's application to hold a controlling stake in NULIS Nominees, the trustee for MLC Super. On 31 August 2020, IOOF entered into an agreement ...

New Islamic advice group launches, hires from MSC

KANIKA SOOD  |  WEDNESDAY, 5 MAY 2021
... recently Melbourne trustee services provider MSC Group's chief operating officer. Prior to this, she has worked at Challenger, IOOF, Capstone Financial Planning and AMP. She will lead the development of Hejaz's adviser network. "Muslims are a growing ...

Iress hires former dealer group chief

ELIZABETH MCARTHUR  |  MONDAY, 3 MAY 2021
Iress has hired the former chief executive of Financial Services Partners at IOOF to a newly created senior role. Geoff Kellett has stepped into the position of head of commercial operations, a newly created role at Iress. He departed IOOF at the end ...

FirstChoice dominates platform market

KARREN VERGARA  |  THURSDAY, 29 APR 2021
... Lifetime and Asgard are frequently used after FirstChoice with a 9.5% and 7.6% market share, respectively. In Western Australia, IOOF and Macquarie Wrap came equal second place with a 7.7% market share. In Queensland, Perpetual WealthFocus and AMP Flexible ...

Outflows continue at IOOF

KANIKA SOOD  |  THURSDAY, 29 APR 2021
IOOF ended March quarter with $203.9 billion in funds under management and administration, after significant outflows from advice and pensions business. The March end FUM was $1.5 billion higher than the previous quarter, and primarily driven by a $5.4 ...

Advisers laud Xplan software

KARREN VERGARA  |  WEDNESDAY, 28 APR 2021
Xplan has emerged as the leading financial planning software among financial advisers, a new Investment Trends survey finds. Iress' Xplan took out the nod for its comprehensive functionality, compliance technology and ability to support advice firms ...

CountPlus member firm to make acquisition

ANNABELLE DICKSON  |  TUESDAY, 27 APR 2021
... 2020 including Ascent Private Wealth, Freedom Accounting Group, CBD Wealth Solutions and Arch Capital. In addition, four IOOF financial advice firms joined Count Financial ahead of the MLC acquisition. Magnis Financial Planning, Glenbuckie, Aim Financial ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... cost the bank $115 million. In addition, Westpac recorded a $56 million cost associated with ending the relationship with IOOF and an $84 million write-down of goodwill related to lenders mortgage insurance. Furthermore, the bank recorded an accounting ...

IOOF licensees to take remedial action

JAMIE WILLIAMSON  |  MONDAY, 26 APR 2021
IOOF will take remedial action to address deficiencies identified by ASIC within Bridges Financial Services and RI Advice Group. During surveillance in December 2020, ASIC found 15% of client files from Bridges and 17% of files from RI Advice contained ...

Wholesale funds recover losses

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... 2019 at $278.9 billion. Plan For Life noted the variation in inflow growth with QIC, BlackRock, Challenger, AMP, Macquarie, IOOF and DFA recorded triple and double digit percentage increases but were offset by large falls recorded by State Street and ...